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 Glossary   >   A   >   "Account sale" Definition   

        Account sale

A statement by a commodity broker to a client when a futures transaction is closed out. Sometimes referred to as a P&S (Purchase and Sale Statement), it shows the net profit or loss on the transaction, with commissions and other charges detailed and taken.

Account sale


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Account sale - A statement by a commodity broker to a client when a futures transaction is closed out. Sometimes referred to as a P&S (Purchase and Sale Statement), it shows the net profit or loss on the transaction, with commissions and other charges detailed and taken.


Account sale : a statement by a commodity broker to a client when a futures transaction is closed out. sometimes referred to as a p&s (purchase and sale statement), it shows the net profit or loss on the transaction, with commissions and other charges detailed and taken.