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Investing Glossary:
Cash sale/settlement
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
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| Definition: |
| 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 five-business day settlement. See: Settlement date.
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