TeachMeFinance.com - explain settlement
Settlement -- Also known as Closing, this is the time at which the property is formally sold and transferred from the seller to the buyer.
settlement -- the conclusion of a transaction when that which was bought is delivered to the buyer and payment is made to the seller.
Settlement -- Adjustment of differences in money. In the operation of the New York Stock Exchange clearing house there is also an adjustment of differences in stocks ; for information see New York Stock Exchange clearing house. On the London Stock Exchange a settlement occurs fortnightly;
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