sellout
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Sellout
A broker's sale of securities on behalf of a client when the client has failed to settle transactions as promised. A common cause of a sellout is a client's failure to meet a margin call.
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sellout
The distribution of all the securities in a new issue by the selling group.
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.