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Securities > Delivery Versus Payment
The following information is about Delivery Versus Payment.
Delivery Versus Payment Defined
A type of settlement, commonly used by bank trust departments, in which the security is paid for when the broker/dealer has it deliverable in the purchaser's name. Also referred to as DVP or COD.
This definition is in context to Securities. See more contextual defintions for Delivery Versus Payment.
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