APPROPRIATE / APPROPRIATED / APPROPRIATION Definition

APPROPRIATE / APPROPRIATED / APPROPRIATION is distribution of net income to various accounts and / or the allocation of retained earnings for a designated purpose, e.g. plant expansion.

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REGULAR SETTLEMENT is 1) For short-term or U.S. Trea­sury securities, the settlement, or payment and delivery, is the next business day after the trade date. 2) For cor­porate notes, bonds and municipal securities, settlement is in five business days. 3) For mortgage-backed securities, settlement is after the 15th of the month. 4) For Euro­dollar Certificates of Deposit, settlement is two business days after the trade date. Also known as "Regular Way.'

BILL OF SALE is a written statement attesting to the transfer (sale) of goods, possessions, or a business to a buyer.

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