Receive Versus Payment - RVP

Filed Under » ,
Dictionary Says

Definition of 'Receive Versus Payment - RVP'

An instruction accompanying sell orders, stating that only cash will be accepted in exchange for delivery of the securities.
Investopedia Says

Investopedia explains 'Receive Versus Payment - RVP'

Institutions are usually required by law to only accept cash.

Related Articles

Trading Center
Partner Links