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.
Probably the most common form of stock liquidation is one you can initiate yourself. In the parlance of the industry, liquidating a stock is simply selling it. If you call your broker and tell him you want to liquidate a stock you own, he will enter a sell order for you. If you tell him to liquidate your portfolio, he will sell everything you own.