cash sale

Definition

A transaction in which the securities are delivered on the trade date instead of after the usual three business days required to settle the contract.

Use cash sale in a sentence

You should always try and make sure that you trust who you are dealing with when you will do a cash sale.

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The cash sale that he brokered was considered a huge success and he was glad that it could be handled so expediently.

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My hedge fund manager did so much business with his stockbroker that the brokerage agreed to settle all his trades as a cash sale instead of after three business days.

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settlement date spot trading