cash sale/settlement

cash sale/settlement
transaction in which a contract is settled on the same day as the trade date, or the next day if the trade occurs after 2:30 p.m. EST and the parties agree to this procedure. Often occurs because a party is strapped for cash and cannot wait until the regular three- business day settlement. Bloomberg Financial Dictionary
See: settlement date. Bloomberg Financial Dictionary

Financial and business terms. 2012.

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