See Also: Delivery versus payment(money)
Delivery versus payment(finance)
Receive versus payment(money)
Receive versus payment(finance)
Receipt versus payment(finance)
Tight money or dear money(finance)
VERSUS(law)
versus(dictionary)
versus(dictionary)
Versus purchase(finance)

Delivery versus payment (money)


Definition: [crh] A in which the buyer's payment for securities is due at transaction the time of delivery (usually to a bank actingDefinition: as agent for the buyer) upon receipt of the securities. The payment may be made by bank wire, check, or direct Definition: "/?rd=credit">credit to an account.