receive versus payment (RVP)

receive versus payment (RVP) definition - business

receive versus payment (RVP)

A settlement procedure in which a customer instructs that the delivery of a security will be made immediately upon receipt of proceeds from the sale of the security. Compare delivery versus payment.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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