Wachovia logo: go to home page
Home | Customer Service | Contact Us | Locations  

WEALTH MANAGEMENT GLOSSARY

Alphabetical Listing
Search  
K X
F
Current TermFree Delivery
Free Delivery
Items of value can be removed from an account in one of two ways: by distribution (through a payment or a gift), or by free delivery. A free delivery means that the account receives nothing in exchange for the asset or item of value being delivered, and there are no potential tax consequences (as might be the case with a gift). The free delivery is free only in the sense that the account gains nothing for the removal of the asset from account records; the owner of the asset is giving up value.

Access Accounts
Customer Service Login

Apply Now
All Application Forms



Privacy and Security | Legal | Careers | Merger | About Wachovia
© 2008 Wachovia Corporation. All rights reserved.