What is the meaning of Delivery versus payment?

Delivery versus payment is 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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APABarry Goldsmith. (2010). delivery versus payment. Retrieved September 22, 2026, from http://smartdefine.org/delivery_versus_payment/definitions/1151802
ChicagoBarry Goldsmith. 2010. "delivery versus payment" http://smartdefine.org/delivery_versus_payment/definitions/1151802 (accessed September 22, 2026).
HarvardBarry Goldsmith 2010, delivery versus payment, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/delivery_versus_payment/definitions/1151802>.
MLABarry Goldsmith. "delivery versus payment" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/delivery_versus_payment/definitions/1151802>