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Delivery versus payment

Definition:

A in which the buyer's payment for securities is due at transaction the time of delivery (usually to a bank acting as agent for the buyer) upon receipt of the securities. The payment may be made by bank wire, check, or direct credit to an account.

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Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Neglected firm effect

The tendency of firms that are neglected by security analysts to outperform firms that are the subject of considerable attention.

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