Banking
- : presentment of a check or negotiable instrument, endorsed by the payee, to the paying bank.
- in the secondary market, forwarding of loan documents by a selling bank to the purchaser, under the terms of a forward commitment or standby commitment.
voluntary transfer of title or possession from one party to another; legally recognized handing over to another of one's possessory rights. Actual delivery of a deed is usually required for a transfer of real estate ownership. Where actual delivery is cumbersome or impossible, the courts may find constructive delivery sufficient if the intention is clearly to transfer title. Thus, one may deliver the contents of a safety deposit box by handing over the key together with any necessary authorization.
physical handing of an insurance policy to the insured. Sales training emphasizes the importance of delivery of a policy by the agent. This develops a caring attitude on the part of the agent and reinforces the insured's belief that he or she made the right decision in purchasing the policy.
transfer of the possession of a thing from one person to another.
Example: A man dies leaving no will. A search of his possessions uncovers a deed giving valuable land to his nephew. Since the deed had not been delivered, the court ruled that the land does not belong to the nephew.
