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https://www.investopedia.com/terms/d/dvp.asp
Delivery versus payment (DVP) is a securities industry settlement method that guarantees the transfer of securities only happens after payment has been made. DVP stipulates that the buyer's cash ...
http://www.investorwords.com/5583/free_delivery.html
A transaction in which securities are delivered before any payment is made. Free delivery is essentially an extension of credit to the borrower of the securities, and involves the risk of the buyer not paying.
https://ibkr.info/article/1002
Free of Payment (FOP) is term used by IB to refer to a process of transferring long US securities between IB and another financial institution (e.g. bank, broker or …
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