See Also: Delivery versus payment(finance)
Delivery versus payment(money)
Receipt versus payment(finance)
Receive versus payment(finance)
Receive versus payment(money)
versus(dictionary)
VERSUS(law)
versus(dictionary)
Versus purchase(finance)
Market versus quote(finance)

Louis (iou) and Delivery versus payment (finance)


Louis (iou)



Louis noun2 & adjective. [lu:i] Usu. in fuller phrs. as below. M19.
[French (see below).]
(Designating or pertaining to) any of the styles in architecture, furniture, decorative Art, etc., characteristic of the reigns of several kings of France named Louis; spec. and in full: Louis Treize , Louis XVI, 1774-93.

Delivery versus payment (finance)


A in which the buyer's payment for securities is due at transaction the time of delivery (usually to a bank acting as agent for the buyer) upon receipt of the securities.