delivery versus receipt

delivery versus receipt definition - finance
In a futures or options contract, DVR means the seller delivers the securities in exchange for a signed receipt. DVR contrasts with delivery versus payment (DVP), in which payment is received when the item is delivered.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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