DELIVERY ORDER Definition

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DELIVERY ORDER is a document from the consignee, shipper, or owner of freight ordering the release of freight to another party.

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CPR is Constant Payment Rate, used to estimate the average life of mortgage-backed securities based on historical payments.

PICKUP, in securities, is the higher yield obtained in a swap transac­tion-that is, the improved yield on the item being purchased relative to the selling yield on the security being liquidated.

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