Series 28: Receive Vs. Payment (RVP)

Taken from our Series 28 - Introducing Broker-Dealer Financial and Operations Principal Qualification Examination

Definition of the term Receive Vs. Payment (RVP)...

a transaction type in which a seller may require a cash payment for securities before it delivers them to a buyer.

Since you're reading about Series 28: Receive Vs. Payment (RVP), you might also be interested in:

Solomon Exam Prep Study Materials for the Series 28
Please Enable Javascript
to view this content!