Two factors come into play: First, good quality applicators do a better job of applying paint, and more uniformly, than poor applicators. As a result, they achieve better hide, or coverage. Second, painting technique is a factor that could contribute to overspreading the product.
Liquidation and Free Riding. A liquidation violation occurs when the client sells a security to satisfy a cash obligation for the purchase of a different security after trade date. This is a violation because the sale of the second security will not be settled by the time the first purchase settles.
4. Entry Liquidation Entries of imported goods into U.S. Customs territory are liquidated hen Customs has wissued final approval of the entry documentation, the classification of the imported merchandise, the duty rate on the imported merchandise and the amount of duty actually paid.