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.

sellout

The distribution of all the securities in a new issue by the selling group.

References in periodicals archive ?

Promoter Thomas Johannson of Live Nation commented, "Guns N' Roses, the cornerstones of Rock, will forever and ever do sell outs.

Guns N' Roses Storm New York

This year it's on Saturday February 10 and there is no doubt that the venue, artist and audience can look forward to the gig with eager anticipation as they have been sell outs on each of the last four years

Jazz star brings the house down

Originally scheduled to perform in 12 major markets in North America with additional stops in Paris and London, the demand for tickets was so high that in New York city after two Madison Square Garden dates sold out in record time, Madonna's manager, Caresse Henry, and the worldwide tour promoter, Clear Channel Entertainment, added four subsequent performances (June 20, 2l, 23 and 24) which were instant sell outs as well.