Okuzeka
Finance & Banking vocabulary · Payments & Cards

Settlement finality

Meaning in finance & banking, with examples

nounAdvanced term

In finance & banking, settlement finality means: The point or quality at which a transfer becomes unconditional and irrevocable under applicable rules.

In Turkish: mutabakatın kesinliği

How it is used

Use in payment-system rules; a screen showing success does not itself establish legal finality.

Example sentences

  1. The rulebook states when settlement finality is achieved for each transfer.

    The rules define when the transfer can no longer be revoked.

  2. The legal team reviewed settlement finality before the bank joined the system.

    Participation requires understanding the legal effect of completed settlement.

Common collocations

  • achieve settlement finality
  • legal settlement finality
  • settlementThe final step of a payment or trade, when money or securities actually move from one party to the other and the deal is complete.
  • operational riskThe risk of loss from failed internal processes, human error, system breakdowns or outside events such as fraud, cyberattacks or natural disasters.

More terms: Payments & Cards

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This page explains English vocabulary for learners. It is not financial advice.