FINRA Series 7 General Securities Representative Qualification Examination (GS) Series-7 Question # 97 Topic 10 Discussion
Series-7 Exam Topic 10 Question 97 Discussion:
Question #: 97
Topic #: 10
The return by the receiving party of securities previously accepted for delivery or a demand by the delivering party for return of securities that have been delivered is called:
reclamation. In a reclamation a dealer requests that another dealer reclaim an improper delivery.
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