presale order

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Presale order

An order to purchase part of a new municipal bond issue that is accepted by an underwriting syndicate before an official public offering.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Presale Order

An order by an investor to buy a municipal bond before it is issued and even before all terms, such as the coupon or the maturity, have been set. The SEC disallows presale orders for other securities and, as a result, they are only available for municipal bonds because they are not subject to SEC registration requirements.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

presale order

An order to buy a portion of a new municipal bond issue before the time at which certain information concerning the issue, such as the coupon, has been determined. Presale orders are permitted with municipal bond issues but not with other security issues because municipal bond issues are exempt from requirements of the SEC.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
(https://techcrunch.com/2015/01/21/ringly-raises-5-1-million-from-andreessen-horowitz-to-expand-its-smart-jewelry-collection-beyond-rings/) TechCrunch reported in 2015 the company raised $6.1 million and sold out of presale orders. Today, Ringly's variety of rings and bracelets are available through retailers like Bloomingdale's, Barnes & Nobles and now Target.
China, the world's largest soybean buyer, imported 6.33 million tonnes of the beans in March, a record for the month, as supplies from presale orders landed.
Supported by an aggressive marketing campaign, which included a parade of 20 combines in Hesston, KS, its presale orders set a record of nearly half its 2014 production in just 60 days.
22, 2011 (CENS) -- Considerable presale orders for its Kindle Fire tablets have driven Amazon to place rush orders with its contract manufacturers for 40-50% more supply of the devices.
Still other client companies use 04 software for presale orders, where field representatives employ PDAs to take inventory on the shelf and synchronize information with the warehouse for delivery the next day.
Reuters said Toyota noted that it has already received 11,000 presale orders for the Harrier, internationally known as the Lexus RX400h.
The launch activity generated more than 60 media stories, a significant increase in online traffic, and an explosion of early presale orders that gobbled up nearly half the 2014 production in just 60 days.