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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Cash sale/settlement  

Definition 1.

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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