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What does a Good Funds & Settled Model mean?

Usually, the term is just referred to as ‘good funds’ only, but then the funds have to be settled as well. In many cases the transaction is done in one day, however, the actual settlement time of these funds might be T+3 (T=transaction date + 3 days). The phrase “good funds” implies the funds were good but subject to settlement, this is why the term ‘good funds and settled model’ is used.




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