Delivery

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Delivery is the surrender of possession to another; the handing over of an object, document, or money. Delivery may be actual, symbolic, or constructive. Actual delivery means that the item is physically transferred from one party to another. Symbolic delivery occurs when something representing the transferred property is physically transferred. Constructive delivery occurs when the parties conduct themselves as if a transfer of property has occurred without an actual or symbolic transfer.

[Last updated in July of 2021 by the Wex Definitions Team]