Finance/commerce term for the settlement step of a transaction — the actual handover of goods, money, or securities after the deal is struck. In futures: 实物交割 (physical delivery) vs 现金交割 (cash settlement).
memory
交 'hand over' + 割 'cut' — picture cutting the deal at the moment of handoff. The 割 part also carries the sense of 'cleanly severing' your side of the obligation.
