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Execution and Assertion

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

  • A declaration that is made emphatically (as if no supporting evidence were necessary.
  • The act of affirming or asserting or stating something.

Explicit or implicit representations by an entity's management that are embodied in financial statement components and for which the auditor obtains and evaluates evidential matter when forming his or her opinion on the entity's financial statements.