Receive Versus Payment - RVP
Barron's Finance & Investment Dictionary:
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Receive Versus Payment - RVP
instruction accompanying sell orders by institutions that only cash will be accepted in exchange for delivery of the securities at the time of settlement. Institutions are generally required by law to accept only cash. Also called receive against payment.
| Receivables, Recapture | |
| Receiver, Receiver’s Certificate |
Investopedia Financial Dictionary:
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Receive Versus Payment - RVP
An instruction accompanying sell orders, stating that only cash will be accepted in exchange for delivery of the securities.
Investopedia Says:
Institutions are usually required by law to only accept cash.
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Barron's Finance & Investment Dictionary
Dictionary of Finance and Investment Terms. Copyright © 2010 by Barron's Educational Series, Inc. All rights reserved.
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