Forbearance. Term

Smith's Financial Dictionary · 1903 · p. 204
employed when a creditor waits be- — yond the date of its maturity for the payment of a debt. For cash. When stocks or commodities are sold cash (for cash) the contract must be fulfilled on the day on which it is made. Unle otherwise agreed stocks must be delivered and received before or at 2:15 o’clock; on Saturdays before or at 11:30 o'clock. On the London Stock Exchange the usual term is “for money.” It means that delivery and receipt of the securities and payment for them is to be made at once instead of waiting for account day. Also see For the account. There is another meaning to “for cash” as the term is used in Wall Street. When a broker’s customer buys or sells for cash he pays in full for the stocks bought or receives pay in full for the stocks sold. Stocks cannnot, of course, be sold — short for cash.
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