presold


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Pre-Sold Issue

An issue of a security, especially a bond, that is completely placed with investors before it is actually issued and before all relevant details, notably the price, are announced. Before a new issue, underwriters canvass potential investors, who may or may not book an order to buy a portion the new issue. Pre-sold issues occur almost exclusively with municipal and other government bonds, mainly because most other issues must register all their details with the SEC before they are allowed to place them. See also: Subscribed.

presold

Of, relating to, or being a new security issue that is sold out before all the specifics of the issue have been announced. In the case of a bond issue, this term usually means that sufficient orders for the issue have been placed before announcement of the coupon rate(s).
References in periodicals archive ?
In the wake of the FHA's financial woes, regulators have chosen to actually loosen standards, with condos needing just 30 percent of units presold, as opposed to 50 percent, to qualify for FHA financing effective Dec.
Under the Premier Inn deal, J S Wright will design and install heat exchangers and substations, as well as plumbing 226 privately owned apartments within six blocks, all of which have been presold.
While the "Hillary Clinton" and "Sarah Palin" comics have sold about 10,000 copies each and are in their second printing, "Michelle Obama" has presold 40,000 copies and is expected to be the top-selling independent comic next month.
wasn't familiar with the presold arrangement connected with the house built on the lot he purchased, and Ferguson couldn't be reached for comment.
And pounds 6 of every copy presold will go to the West Bromwich Albion Former Players' Association.
Adjacent developments will help to create a synergy with his own, and approximately 80% of the units in Tierra Del Sol have been presold at a rewarding price per unit.
Foothill Village, across the street near the intersection of Roxford Street and Foothill Boulevard, opened a month ago and the company has closed on five of the 17 homes that were presold.
The most expensive Thai action picture in history was also the first to be presold overseas during production.
The manufacturer said it has presold at retail more than 350,000 Egg & Muffin Toasters.
Only if all of the proposed houses within the subdivision are presold is it possible to conduct the kind of valuation that Mr.
Cacho said 50% of the condo units have been presold.