HomeDefinitionsCompareDebt Cash sale or settlementThe financial definition for Cash sale or 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 five-business day settlement. See: Settlement date. Similar MatchesBank for International Settlements (BIS)Bank for International Settlements (BIS)An international bank headquartered in Basel, Switzerland, which serves as a forum for monetary cooperation among several European central banks, the Bank of Japan, and the US Federal Reserve System. Founded in 1930 to handle the German payment of World War I reparations, it now monitors and collects data on international banking activity and promulgates rules concerning international bank regulation. Cash SettlementCash SettlementThe process by which the terms of an option contract are fulifilled through the payment or receipt in dollars of the amount by which the option is in-the-money as opposed to delivering or receiving the underlying stock. Cash settlement contractsCash settlement contractsFutures contracts such as stock index futures that settle for cash and do not involve delivery of the underlying. Further SuggestionsContinuous net settlement (CNS)Exercise settlement amount Good delivery and settlement procedures Immediate settlement Insurance settlement Next day settlement Regular settlement Click to compare definitions of Cash sale or settlement Click to view definitions beginning ca |