Settlement (so often in German, also translated as Abwicklung)

Generally speaking the completion of any financial operation by monetary payment. – The settlement of an order on the stock exchange. The good (product; security, commodity, foreign exchange) has been procured, and the principal has paid the amount charged to him. – See settlement confirmation, book profit, closing, smoothing, paper profit, STEP2, transfer, final.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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