The settlement of a contract or transaction via receipt or tender of underlying asset or financial instrument.
Did you know?
Have you ever heard of Monte Dei Paschi di Siena? Founded in 1472 in Tuscany, Italy, it is considered to be the world’s first actual bank and is still in operation today.
Word of the day
"Straddle" - The strategy of employing limit orders to trade on significant price movements in either direction.
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