COST Definition

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COST is the amount of money that must be paid to take ownership of something; expense or purchase price.

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GINNIE MAE see GOVERNMENT NATIONAL MORTGAGE ASSOCIATION.

GOOD DELIVERY, in securities, is the opposite of a fail. The instru­ment and the dollar amounts agree and a transaction is completed as initially executed. "Good delivery form" is when the instrument is properly documented in all respects and therefore acceptable for delivery to complete a transaction.

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