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Execution and Application

noun

  • Putting a condemned person to death.
  • The act of performing; of doing something successfully; using knowledge as distinguished from merely possessing it.
    • usage: "they criticised his performance as mayor"; "experience generally improves performance"
  • Computer science. ( the process of carrying out an instruction by a computer)
  • Law) the completion of a legal instrument (such as a contract or deed) by signing it (and perhaps sealing and delivering it. ( so that it becomes legally binding and enforceable)
  • A routine court order that attempts to enforce the judgment that has been granted to a plaintiff by authorizing a sheriff to carry it out.
  • The act of accomplishing some aim or executing some order.
    • usage: "the agency was created for the implementation of the policy"
  • Unlawful premeditated killing of a human being by a human being.

Execution is the process of completing an order to buy or sell securities. Once a trade is executed, it is reported by a Confirmation Report; settlement (payment and transfer of ownership) occurs in the U. S. Between one (mutual funds) and three (stocks) days after an order is executed. The time varies greatly across countries. In France, for example settlements are only once per month.

noun

  • The act of bringing something to bear; using it for a particular purpose.
    • usage: "he advocated the application of statistics to the problem"; "a novel application of electronics to medical diagnosis"
  • A verbal or written request for assistance or employment or admission to a school.
    • usage: "December 31 is the deadline for applications"
  • The work of applying something.
    • usage: "the doctor prescribed a topical application of iodine"; "a complete bleach requires several applications"; "the surface was ready for a coating of paint";
  • A program that gives a computer instructions that provide the user with tools to accomplish a task.
    • usage: "he has tried several different word processing applications"
  • Liquid preparation having a soothing or antiseptic or medicinal action when applied to the skin.
    • usage: "a lotion for dry skin"
  • A diligent effort.
    • usage: "it is a job requiring serious application"
  • The action of putting something into operation.
    • usage: "the application of maximum thrust"; "massage has far-reaching medical applications"; "the application of indexes to tables of data"

Application is a request for a loan that includes the information about the potential borrower, the property and the requested loan that the solicited lender needs to make a decision. In a narrower sense, the application refers to a standardized application form called the "1003" which the borrower is obliged to fill out.

1. The system or problem to which a computer is applied. Reference is often made to an application as being either of the computational type (arithmetic computations predominate) or of the data processing type (data handling operations predominate).