CASH SETTLEMENT Definition

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CASH SETTLEMENT, in short-term securities, is payment and delivery made on the same day as the trade date.

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FIXED DEPOSIT is a specific sum of money deposited in a financial institution for a fixed term earning a pre-agreed interest rate.

ENDORSE, depending upon usage, can be: a. application of legal signature to documents or checks; b. a guarantee as meeting a certain standard; c. to be behind or approve of; or, d. to give active support or ones approval to.

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