Scottish term for the completion of a property.
A meeting of parties involved in a real estate transaction to finalize the process. In the case of a purchase, the settlement usually involves the seller, the buyer, the real estate broker and the lender. In the case of a refinance, the settlement involves the borrower and the lender. Sometimes referred to as the closing or the close of escrow.
This is when a property sale is finalised by the legal representatives of the vendor and the purchaser, costs are paid and the new owner takes possession of the property.
Settlement is the conclusion of your claim. This can come about either by the court making a decision or award, or through negotiation.
To finalize the payment for shipment settled.
(1)The final stage of a transaction, actual physical exchange of one currency for another (2) is the process by which available funds have been instructed by a client of Cambridge for transfer via wire, draft or deposit to a multi-currency account and a designated receiver of such funds.
The settlement or closing is the consummation of your real estate transaction. The closing transaction includes the delivery of a deed, signing of legal documents and the disbursement of the funds necessary to complete the sale and loan transaction.
The completion of a transaction between the buyer and seller of a security.
"Conclusion of a securities transaction when a client pays a broker for securities purchased or delivers securities sold and receives from the broker the proceeds of a sale settlement period. In the Egyptian market, settlement day is t+4 for physical shares, t+3 for dematerialized shares and t+2 for shares that have no price ceiling. "
Obtaining funds from one party and disbursing to the other.
The process in which a merchant transmits batches of transactions to the acquirer. In interchange, it is the process by which acquirers and issuers exchange financial data resulting from sales transactions, cash advances, merchandise credits, etc.
Funds are settled through debiting and crediting of the Federal Reserve bank accounts of the participating Financial Depository Institutions (FDI).
The finalisation of a sale. This usually takes place at the office where the certificate of title is kept (e.g. the vendor's bank). At settlement, the vendor hands the purchaser the completed transfer documentation (including mortgage documentation if relevant) and the certificate of title. The purchaser hands the vendor a bank cheque for the balance of the purchase money, plus or minus adjustments for rates, taxes and other charges.
Is the day when a stock purchase or sale is "settled" by delivering the shares or making the payment for a transaction. This occurs three business days after the trade has been made.
The final consummation of a transaction by paying for a purchase or by delivering a sold asset (this can be: monetary asset - such as foreign exchange, securities or other financial instruments). Delivery Versus Payment Basis - The delivery and payment are simultaneous: the final transfer of one asset occurs if, and only if, the final transfer of an (other) asset(s) occurs. This should eliminate the settlement risk. Free Payment Basis - The delivery of an asset and the payment for it are not necessarily simultaneous.
This is the time when the money relating to a share transaction actually changes hands. See T+3, T+5.
The completion of the transaction when ownership of the property is transfered from the Vendor to the Purchaser.
The finalization of a sale as determined by the transfer of funds from one account to another.
The stage of the credit card payment process during which the cardholder's account is debited, and the merchant's account is credited.
Term used for Permanent Partial Disability benefits or to refer to a Stipulation, which is a final close-out of a workers' compensation case.
The process by which merchant and card-issuing banks exchange financial data and funds resulting from sales transactions, cash advances, merchandise credits etc. It can indicate that transactions were settled from the terminal. It also can refer to the clearing of transactions through Interchange.
The conclusion of a real estate transaction where documents are signed and recorded; and property is transferred or funds are disbursed.
The conclusion of your claim, either by negotiations or by the court making an award or decision
The completion of a transaction by the delivery and crediting to the appropriate securities ledger and funds accounts of securities and payment respectively.
The payment of cash for securities and, conversely, the delivery of securities against payment - the conclusion of a securities transaction by delivery.
The process of completing all necessary funds transfers so that the merchant involved in a credit card transaction is paid for their goods or services.
A transfer of funds to complete one or more prior transactions made, subject to final accounting.
The accounting process recording the respective debit and credit positions of the two parties involved in a transfer of funds. Funds transferred through Fedwire are settled immediately. Checks, automated clearinghouse transfers, and other payments between banks are settled on a provisional basis, because the person initiating the transfer of funds may not have sufficient funds to cover the payment or the payment cannot be processed for various reasons.
The result and conclusion that the judge gives in the end of a lawsuit.
The completion of the sale. Documents and money settled between parties.
The final step in the transfer of ownership involving the physical exchange of securities or payment. In a banking transaction, settlement in the process of recording the debit and credit positions of the parties involved in a transfer of funds; in a financial instrument transaction, settlement includes both the transfer of securities by the seller and the payment by the buyer. Settlements can be "gross" or "net." Gross settlement means each transaction is settled individually. Net settlement means that parties exchanging payments will offset mutual obligations to deliver identical items, at a specified time, after which only one net amount of each item is exchanged.
Process by which title is transferred from seller to buyer
The process by which the merchant transmits authorized transactions to the acquirer for payment.
Settlement, also referred to as remittance, happens when money you've made from transactions is paid into your bank account. Before we make payment, we'll deduct the relevant charges and make any refunds. For those with an internet merchant account, we make these payments every week, four weeks in arrears. The settlement period for those whose internet merchant account is with another bank (BankDirect) varies according to agreements with your bank. Back to the top Shopping Cart Shopping cart software, also referred to as a store building solution, is used to sell your services and products from your website. A wide selection of the leading shopping carts integrate with the Merchant 2020 payment system, which makes it easy for you to build an internet site for selling products. Back to the top
Refers to the final accounting in which debits and credits are posted to the appropriate financial institution accounts.
The conclusion of a real estate transaction, where all parties, buyer, seller, lender and any representative agents, meet to finalize the sale of money and property.
Settlement refers to the conclusion of business transactions.
In the telecommunications field, the process by which two or more operating phone companies divide revenues for jointly provided services. Also, generally, a negotiated agreement between two or more parties involving a contract for services, purchase of power, or policy/rulemaking, which remains subject to final PUC approval.
The process by which Visa and MasterCard transfer funds between a cardholder's account at the issuing bank and your merchant account at the acquiring bank. Settling a sale involves withdrawing funds from the cardholder's account and depositing them into your merchant account. In the case of a refund, the process is reversed. American Express and Discover also settle transactions, although each company owns both the cardholder and the merchant account, so acts as both issuer and acquirer.
The process that follows a transaction when the seller delivers the security to the buyer and the buyer pays the seller for the security.
Completion of a securities transaction in which a customer either pays a broker for securities bought, or receives from the broker the proceeds from a sale.
Is the completion of the sale transaction. Final payments are made at settlement in exchange for the relevant documents. The purchaser can then take ownership of the property.
The meeting between the borrower, lender, and other relevant parties where the property and funds legally change hands
The completion of a payment transaction. When a transaction is settled, it has been funded and the funds deposited in the merchant account.
The process of transferring funds for sales and credits between Acquirers and Issuers, including the final debiting of a Cardholder's account and crediting a Seller's account.
The date on which loans funds are transferred from buyer to seller.
When a new owner of a piece of property takes possession and finalises payment.
the gradual decrease in height of landfill mounds, due to the decomposition of the refuse beneath the final cover. This can occur uniformly or non-uniformly (differential settlement) Return to Previous Page.
Completion of a sale when the balance of the contract price is paid to the vendor and the buyer is legally entitled to take possession of the property.
the process of transferring the funds from the cardholders financial institution to the University's financial institution.
The term used once the purchaser has received the agreed upon securities and the seller has received the agreed upon dollar amount. Settlement takes place the third day after the transaction not including the day of the transaction.
Conclusion of a purchase or sale when a client pays a broker for securities purchased or delivers securities sold and receives from the broker the proceeds of a sale.
The conclusion of a securities transaction in which a broker/dealer pays for securities bought for a customer or delivers securities sold and receives payment from the buyer's broker.
The process of settling funds between an issuing bank and an acquiring bank by Visa/MasterCard for funds due on submitted bank card sales
A meeting of representatives of all parties to the transaction to complete the sale. Monies are tendered in exchange for relevant documents, keys etc and the purchaser can then legally take possession.
Process of sending the merchant's batch to the network for processing and payment
A final resolution of a claim by agreement between the parties.
The process by which all financial dealings and contractual arrangements are completed for the buyer and seller. At the time of settlement, or closing, all debts are paid, adjustments made and money disbursed, and a deed is prepared in the new owner's name.
If the application is found acceptable, the firm commitment is issued to the borrower and the lender prepares for the closing of the mortgage - the final step before you can call the house your own. In fact, two separate closings occur at this time: the closing of your loan and the closing of the sale.
The completion of the process to sell or purchase a property.
The time when loan and mortgage documents are formally signed and the loan transaction is completed. Sometimes called "Closing."
Meeting where property sale is finalized by delivery of deed from seller to buyer; this includes buyer's signing mortgage documents and paying closing costs. Also known as Closing.
The finalizing of a transaction, the trade and the counterparts are entered into the books.
The process, once a security has been traded, of transferring ownership from seller to buyer and money from buyer to seller.
A DataCash process which runs once at the start of each business day. The process collates all transactions which are to be remitted to the acquiring banks into a set of settlement files which are thereafter sent to each bank. Additionally, the process also generated BACS files for Direct Credit and Direct Debit services
When money is deposited into the various accounts related to a purchase with a credit card, this is settlement. Ecom Technology facilitates daily settlement with merchants.
Meeting between the buyer, seller and closing agent at which property and funds legally change hands.
In Scotland, this is the same as completion.
the meeting between you, the seller, and the lender (or their agents), where the property and funds legally change hands. It is often referred to as the closing.
A date is set for settlement of the sale and at this point the balance of the contract price is paid and ownership of the property transfers from the vendor (seller) to the buyer.
The sale of a property is finalised by the legal representatives of the buyer and seller, costs are paid, mortgage documents go into effect, and the new owner takes possession of the property.
(Closing), transfer of title
Settlement is the final transfer of ownership of the home, otherwise called " close of escrow" or closing.
Settlement occurs after a trading deal has been made. This process transfers the traded stock to the buyer from the seller and also works to transfer the exchange of monies involved in the transaction between the parties.
The process of sending the merchants batch to the network for processing and payment.
This refers to the final posting of a finished transaction in terms of the actual debit to the customer's account and the credit to the merchant's account.
The process by which transactions with authorization codes are sent to the processor for payment to the merchant. Settlement is a sort of electronic bookkeeping procedure that causes all funds from captured transactions to be routed to the merchant's acquiring bank for deposit. Signio automatically submits all captured transactions for settlement on a daily basis. The time that it takes for these funds to reach the merchant account after settlement is 1-5 days, but varies by the merchant's agreement with their card processing company.
1. Conclusion of a legal matter. 2. Compromise agreement by opposing parties in a civil suit before judgment is made, eliminating the need for the judge to resolve the controversy.
(1) The final stage of a currency transaction, where the actual physical or legal exchange of one currency for another is conducted. (2) The process by which a client of Cambridge instructs the available funds to be transferred via wire, draft or deposit to a multi-currency account, and then to the designated receiver of these funds.
The conclusion of your claim, either through a court decision or negotiation.
The settlement will take place at the office of an escrow company, title company or attorney in your area. If you are purchasing a new home, the seller may also be at the closing to transfer ownership to you, but in some states, these two events actually happen separately. During the settlement you will be reviewing and signing several loan papers. The escrow agent or attorney conducting the closing should be able to answer any questions you have or you can feel free to contact your Loan Officer if you prefer.
Final phase of an investment process, consisting of delivery of securities by the seller and of money by the buyer.
In banking, settlement refers to the process of recording the debit and credit positions of two parties in a transfer of funds, or the process of accounting for dollar transactions processed through the ACH.
All financial transactions required to make the contract final.
The act by which transactions are sent to the processor for payment to the merchant. This procedure routes all captured transactions to the merchant's acquiring bank for deposit.
The step in the clearing process when the acquirer credits the merchant account with the amount of a credit card purchase, and the bankcard association (such as Visa and MasterCard) credits the acquirer and debits the card issuer for the transaction.
Also called "closing." The culmination of legal and financial transactions required to make the contract terms finalized and to cause transfer of title of the property to the buyer.
(Also called “Closing.”) The completion of a real estate transfer, where the title passes from seller to buyer, or a mortgage lien is given to secure debt undertaken to purchase the home.
The final transfer of securities and cash in fulfillment of the obligations committed to in an executed trade. The transfer of securities is referred to as "delivery" and the transfer of money as "payment."
The sale of a property is finalized by the legal representatives of the vendor and the purchaser, mortgage documents come into effect, costs are paid and the new owner takes possession of the property and receives the keys. Sinking of the soil or any part of the structure which it supports.
The reporting of settlement amounts owed by one member to another, or to a card issuing concern, as a result of clearing. This is the actual buying and selling of transactions between the merchants, processors, and acquirers; along with the card issuing entities.
This term relates to all legal and financial transactions required to finalize the con tract between buyer and seller, at the conclusion of which closing takes place
a process of completing fund transfers so that all parties in a transaction are paid for their goods or services.
The meeting where the sale of a property is finalized and/or the mortgage loan documents are executed. Also referred to as " closing."
The date on which a securities buyer must pay for a purchase or a seller must deliver the securities sold.
A process in which an electronic transaction (credit cards) is accepted for financial settlement between the acquiring and issuing banks. S-HTTP Secure HyperText Transfer Protocol - A secure version of HTTP, developed by Netscape, which provides general transaction security services over the Web.
The meeting at which a sale of a property is finalized by the buyer signing the mortgage documents and paying closing cost. Also known as "Closing."
The conclusion of a legal matter; a compromised agreement between opposing parties in a civil suit before judgment is made, eliminating the need for a judge or jury to resolve the conflict.
The administrative process by which shares are transferred from the seller to the buyer. Settlement day is the date on which you get your money after selling shares.
The sale of the property is finalised by the legal representatives of the vendor and purchaser.
The process of transferring stock from seller to buyer and arranging the corresponding movement of money between the two parties (see CREST).
or Closing -- This is the time when all documents are signed after review and title is actually transferred from seller to buyer.
Conclusion of a legal matter by agreement of opposing parties in a civil suit before judgment is made.
The date final payment is made and the property title is handed over
A meeting where the sale of a property is finalized by the buyers and sellers signing certain documents to transfer the title of the property and paying closing costs. Also known as Closing or Closing Day.
The final stage of a securities transaction between brokerages, conducted through the stock clearing corporation.
The process of closing a real estate transaction by adjusting and prorating the required credits and charges.
The closing is the conclusion of your real estate transaction and includes a meeting between the buyer, seller and lender or their agents at which property and funds legally change hands.
Price Final price as dictated by the governing rules of the regulating agency (or exchange).
Once the goods have been shipped to the customer, the merchant can key a transaction for settlement at which time the customer's credit card is charged for the transaction and the proceeds are deposited into the merchant account.
The meeting at which the buyer signing the mortgage documents and paying closing cost finalizes a sale of a property. Also known as "Closing."
Conclusion of a securities transaction when a broker/dealer pays for securities purchased or delivers securities sold and receives from the contra broker the proceeds of a sale. Regular way settlement, for most securities, is five business days from trade date. Government bonds and options settle the next business day. A transaction done for cash settles on the same day.
Conclusion of a securities transaction when a customer pays a broker/dealer for securities purchased or delivers securities sold and receives from the broker the proceeds of a sale. (See: Regular way delivery, Cash sale)
The closing of a loan or sale transaction.
The process by which Visa and MasterCard transfer funds between a cardholder's account and merchant's account at the acquiring bank. Settling a transaction involves withdrawing funds from the cardholder's account and depositing them into the merchant's account. The process is reversed if a refund is being given to a customer. The acquiring bank transfers those funds directly to your businesses account. It is important to remember unless you automatic batch settlement to close your batch every day or you will not receive your funds and pay a higher discount fee on those funds.
The final process in the lending process. On an agreed day all parties legal representatives, including that of the financial institutions, exchange funds and final documents simultaneously.
The transaction that completes the sale. Monies are handed over in exchange for relevant documents. The purchaser can then take legal ownership of the property.
the property is legally transferred from the seller to the buyer; same as closing
Once a deal has been made, the settlement process transfers stock from seller to buyer and arranges the corresponding movement of money to transfer between buyer and seller (see CREST).
The conclusion of a transaction when that which was bought is delivered to the buyer and payment is made to the seller. This is also referred to as the "closing."
The final meeting where the sale and transfer of property and/or loan closing is fully executed. This meeting generally requires the borrower(s), seller(s), lender (or their agent) to be present. The closing includes the delivery of a deed, signing of notes, and the collection and disbursement of funds necessary to complete the sale and loan transaction (also known as closing).
The final transfer of a deed or conservation easement between the landowner and D&R Greenway Land Trust at which the transfer documents are signed and the landowner receives compensation.
This is the final stage of the sale when the purchaser completes the payment of the contract price to the vendor and takes legal possession of the property. This is when you become the legal owner of the property. Settlement usually takes place between four and six weeks after contracts are exchanged.
The transfer of the security (for the seller) or cash (for the buyer) in order t...
The completion of a purchase or sale of bonds or shares. The moment when the cash is delivered to the seller and the stock is delivered to the buyer. Settlement in the UK equity markets takes place 5 working days after the date of the original bargain or Trade.
The closing of a real estate transaction at which time prorations and adjustments are made between buyer and seller for the purpose of concluding the transactions.
The act or process of adjusting and finalizing all dealings, money, and arrangements for real estate buyers and sellers. At settlement, all adjustments are made as of the date of the settlement, all money is properly disbursed, the deed is prepared with the new owner's name, and the property is conveyed in accordance with the terms of the contract and the intentions of the parties.
When the sale of a property is legally finalised and funds exchanged.
Closing, the final stage in a real estate transaction.
For credit card transactions, settlement occurs at the completion of transaction processing between the involved financial institutions and processing entities, and funds for the credit card transaction have been successfully deposited into the merchant's bank account. For an Electronic Check transaction, settlement occurs when the payment gateway submits a request to the ACH Network on behalf of the merchant for the collection of bank account funds for a purchase.
The settlement or closing is the conclusion of your real estate transaction. It includes the delivery of your security instrument, signing of your legal documents and the disbursement of the funds necessary to the sale of your home or loan transaction (refinance).
The process by which funds less applicable fees for bona fide sales are sent to merchants.
the completion of a transaction, wherein the seller transfers securities or financial instruments to the buyer and the buyer transfers money to the seller.
Completion of the mortgage, from when the contract becomes effective.
Finalisation of payment by the new owner, and assumption of possession. When you pick up the keys
Also known as Closing, this is the time at which the property is formally sold and transferred from the seller to the buyer. (last updated 03/19/2004)
The final settlement or closing.
When a property's sale or purchase is completed. Depending on where you live, settlement can either be in escrow, or a sit-down meeting between the buyer and seller. The rules for settlement vary from state to state, as well as from county to county, but typically here's what takes place: (1) the buyer pays for the home and closing costs in one lump-sum (2) the buyer and seller sign the closing documents (3) the deed is recorded and (4) the mortgage officially begins. If settlement is a meeting, the buyer and seller are often joined by mortgage brokers, attorneys, a lender representative or title officer. Settlement is also called closing.
a final accounting of how the property of an estate was divided among the heirs; includes an acknowledgement by all the heirs that they received their fair portion and that they have no further claims to make upon the estate.
The process by which Visa and MasterCard transfer funds between a cardholders account at the issuing bank and merchant's account at the acquiring bank. Settling a transaction involves withdrawing funds from the cardholder's account and depositing them into the merchant's account. If the transaction is a refund, the process is opposite from the above description. The acquiring bank transfers those funds directly to your business checking account. It is important to remember unless you automatic batch settlement to close your batch every day or you will not receive your funds and pay a higher discount fee on those funds.
The final dealing in a securities transaction, handled through the stock clearing corporation.
In relation to share trading, an arrangement between brokerage houses for the payment or receipt of cash or securities. It represents the final consummation of a securities transaction and is handled through a clearing house.
Conclusion of litigation by the mutual agreement of parties involved prior to final verdict; certain settlements must be court-approved.
The meeting between the related parties of the mortgage where the mortgage documents are executed. Here the property ownership is transferred to the buyer on a purchase transaction.
The act of adjusting and prorating the various credits, charges and settlement costs to conclude a real estate transaction.
The movement of funds between an Issuer and Acquirer in satisfaction of Transactions.
The process by which the banks, representing the Merchant and Cardholder, exchange financial data and funds resulting from sales transactions, cash advances, merchandise credits, and the like.
The final step before you get the keys to your home is a formal meeting called the closing. It is at this meeting in which ownership of the home is transferred from the seller to the buyer. Also called a settlement in some parts of the country, the meeting is typically attended by the buyer(s), the seller(s), their attorneys if they have them, both real estate sales professionals, a representative of the lender, and the closing agent. The purpose is to make sure the property is physically and legally ready to be transferred to you.Several closing costs will be paid at this meeting. These expenses are over and above the price of the property and are incurred when ownership of a property is transferred. Closing costs generally include a loan origination fee, an attorney's fee, taxes, an amount placed in escrow, and charges for obtaining title insurance, and a survey. Closing costs vary according to the area of the country. When working with an approved lender who uses Desktop Underwriter®, our advanced automated underwriting system, a number of costs associated with your closing may be reduced, including mortgage insurance, appraisal fees, and credit report fees.
The conclusion of a securities or options transaction when a customer pays a broker/dealer for securities or options purchased or delivers securities or options sold and receives from the broker the proceeds of the sale.
The process of finalizing the sale of property that includes the transfer of title from the seller to the buyer.
The agreement reached at the conclusion of any dispute resolution procedure.
The conclusion of your real estate transaction which includes the delivery of the security instrument (Deed), signing of your legal documents and the disbursement of funds to the seller (in a purchase transaction) or to the current mortgage holder (in a refinance transaction).
An alternative term for completion of the mortgage – the point at which the mortgage contract becomes effective.
When securities are delivered and payment is made for a trade.
The course by which a trade is entered into the books and records of the equivalents to a transaction.
The conclusion of a securities transaction, as evidenced by the seller delivering the security and the buyer paying for it. Most securities, but not all, settle in three business days. See: Settlement Date; Transaction
A meeting, attended by the borrower and a representative of the lender,at which all documentation pertaining to the financial transaction are signed and all the expenses are paid to transfer ownership of the property. Also known as "closing."
The actual finalization of a contract in which the goods, securities or currencies are paid for or delivered and the transaction is entered in the books.
The final procedure in a real estate transaction; when documents are executed and/or recorded, title is transferred from seller to buyer, funds are disbursed, and the sale is completed.
As the sales transaction value moves from the merchant to the acquiring bank to the issuer, each party buys and sells the sales ticket. Settlement is what occurs when the acquiring bank and the issuer exchange data or funds during that function.
The process by which merchant and cardholder banks exchange financial data and value resulting from sales transactions, cash disbursements and merchandise credits.
Settlement (of securities) is the process whereby securities or interests in securities are delivered, usually against payment, to fulfill contractual obligations, such as those arising under securities trades.