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Tip of the Day Be Aware of Other Deductions

Be Aware of Other Deductions - As part of filing your income tax you need to educate yourself as far as what deductions are allowable. Each year the government...

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Delivery vs. Repayment


Delivery vs. Repayment - This is the specific delivery of securities for the ultimate possession of the asset retained in numeration. This is a delivery vs. payment method. Otherwise known as the DVP, it is a swift message type issued to reduce the settlement risk in any financial transaction sought. It is the delivery vs. payment system giving title to assets and payments in exchange at a specified simultaneous time and date. This made possible by the many cases such as a central depository system like the Depository Trust Corporation. It is the delivery of all securities in exchange of an asset or assets.

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Definition of the Day Scholarship

Definition: A monetary award, usually based on either academic merit or financial need (or both), that can be applied to...

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