Cash sale/settlement - Used in the context of general equities. Transaction in which the contract is settled on the same day as the trade date, or next day if the trade is after 2:30 p.m. E.S.T. And the parties agree to this procedure. Often settled in this way because a party is strapped for cash and cannot wait until the regular, five business day, settlement. See: Settlement date.
Cash sale/settlement : used in the context of general equities. transaction in which the contract is settled on the same day as the trade date, or next day if the trade is after 2:30 p.m. e.s.t. and the parties agree to this procedure. often settled in this way because a party is strapped for cash and cannot wait until the regular, five business day, settlement. see: settlement date.
Cash sale/settlement