An agreement by an individual or organization to complete a task within a certain timeframe.
A process by which an owner of stock or security has the ownership officially recorded in a book or on a computer system.
Real Time Gross Settlement
RTGS, a process in which both the processing and settlement of a financial transaction can take place continuously, without using specific times.
The risk where a supplier of goods or services has delivered and the buyer is unable or unwilling to pay for them