HomeDefinitionsCompareDebt SaleThe financial definition for Sale:An agreement between a buyer and a seller on the price to be paid for a security, followed by delivery. Similar MatchesBest efforts saleBest efforts saleA method of securities distribution/underwriting in which the securities firm agrees to sell as much of the offering as possible and return any unsold underwriting to the underwriting. As opposed to a guaranteed or fixed-price sale, in which the underwriter agrees to sell a specific number of shares (and holds any unsold shares in its own account if necessary). Breakpoint saleBreakpoint saleFor mutual funds, refers to the investment amount necessary to make the fundholder eligible for a reduced sales charge. See: Letter of intent; right of accumulation. Cash sale or settlementCash sale or settlementTransaction 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. Further SuggestionsConditional sales contractsContingent deferred sales charge (CDSC) Days sales outstanding Distress sale Domestic International Sales Corporation (DISC) Due on sale clause Effective sale Click to compare definitions of Sale Click to view definitions beginning sa |