| 单词 | DELIVERY VERSUS PAYMENT |
| 释义 | A SETTLEMENT practice in the financial markets where payment, generally in cash, is due to the seller of securities once the buyer has received the securities in its account. If payment is to be made before securities are received, the buyer faces SETTLEMENT RISK. Also known as CASH ON DELIVERY, DELIVER AGAINST CASH (DAC)/RECEIVE AGAINST PAYMENT (RAP). |
| 随便看 |
|
法律词典收录了41026条英汉双解法律词条，基本涵盖了常用法律英语单词及短语词组的翻译及用法，是法律学习的有利工具。