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Receive Versus Payment - RVP

What does it mean?
An instruction accompanying sell orders, stating that only cash will be accepted in exchange for delivery of the securities.

In Other Words...
Institutions are usually required by law to only accept cash.

Related Links
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Related Terms
Delivery Versus Payment

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  Copyright © 2002-2006 Image Financial, LLC. All rights reserved.  
Image Financial LLC is not a registered broker-dealer, but rather works in coordination with fully licensed broker-dealers, SIPC-insured clearing firms, and private trading firms to provide licensed and non-licensed clients with access to career trading programs and direct access trading capabilities.  Our firm and our network affiliates strongly recommend that all clients fully read and acknowledge all SEC risk disclosure statements available on our site and our affiliate broker-dealer websites prior to engaging in any live trading activity, and acquire a solid understanding of the risks inherent in active "day" trading.