Settlement, or settled
Definition
Settlement, or settled, is when shares have been paid for and the cash received, completing a trade. It may take up to two business days after a trade is made for any cash payment to enter or leave an investing account. Settlement of a trade means that a buyer is required to pay for their trade and a seller is required to transfer their shares.
We acknowledge and thank the FMA, Dr Karena Kelly and Brook Taurua Grant, the RBNZ and the Māori Dictionary for their research which helped us with te Reo Māori kupu for this glossary.
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