Free of payment (FOP) - Financial definition
Translations: FR franco paiement (loc.) ES libre de pago (loc.) DE franko Zahlung (loc.) , ohne Gegenwertverrechnung (loc.)
Synonym:
delivery versus free
Concise definition of the term free of payment
Free of payment is a settlement method for a securities transaction in which the delivery or reception of the securities is not linked to a corresponding transfer of funds.
Additional information related to this definition
Definitions of related terms
Browse the financial glossary in alpabetical order