A sale in which cash only is received for the total amount of the sale, at the time of the sale.
On the day that a trade is executed, the securities are required to be delivered. See: Delivery; Regular Way Delivery (Settlement); Settlement; Settlement Date
A sales transaction with no financing contingency.
A transaction which calls for delivery of the securities the same day. (vs. "Regular Way") See: Settlement.
A legal term denoting a mercantile transaction in which title to merchandise passes when the buyer pays the seller.
A transaction on the floor of the Stock Exchange that calls for delivery of the securities the same day. In "regular way" trade, the seller is to deliver on the third business day, except for bonds, which are the next day. (See: Regular Way Delivery)