________ is a procedure by which a buyer turns over the purchase price and the seller turns over the securities in a securities transaction.
A) Expropriation
B) Insider trading
C) Clearance and settlement
D) Conformity assessment procedure

Question

Quizplus · Accepted Answer

Clearance and settlement is the process in which the buyer pays for the securities and the seller delivers the securities in a securities transaction. This process ensures the transfer of ownership and payment between the parties involved.

________ Is a Procedure by Which a Buyer Turns Over