TeachMeFinance.com - explain Delivery
delivery -- (1) the transfer of the possession of an item from one person to another. (2) the legal, final and absolute transmission of a deed from the seller to the buyer in such a manner that it cannot be recalled by the seller. (3) the physical transportation and presentation of loan documents from a loan originator to a mortgage buyer who has made a previous commitment to purchase the loans. (4) the transmission of the certificate or book entry representing shares bought on a securities exchange.
Delivery -- 1. In the case of transportation, the act of transferring physical possession.
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