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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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).
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 ?
For innovators, crowdfunding offers plenty of benefits, as they can presell their innovation here and raise funding for launching and manufacturing their product.
Whether there's demand for such units and whether the trio will be able to presell them remains to be seen.
"So while our lenders also require preselling," Erickson continues, "the difference in our case is if we presell 70 percent of one building, they'll advance us money for the next one--as long as we keep new applicants signing up."
A total of six Hotel 101 projects are expected to simultaneously presell this year: Fort, Davao, Boracay, Bohol, Palawan and now Cebu.
"QVC gets instant product recognition, and that helps presell," he adds.
While direct foreign investment in film production is still a no-no, Chinese companies are opting to cooperate with Hong Kong producers or presell their projects to foreign companies.
The Amazon.com pact gives the Amazon Kitchen store exclusive rights to presell Progressive's new line of SilverStone products a full month before consumers can buy them at brick-and-mortar stores.
Presell. Every house that Rayco built was sold before it was started, eliminating the significant risks of spec building.
and Babbage's began taking DOOM 64 presell orders from gamers.
It's been a long time since we've had enough faith in a title to back it with a full presell program, banners, point-of-purchase displays and more.
A 81,200-piece direct mail campaign to nearby condo and apartment residents generated 1,600 leads that the builder used to presell The Gates (each piece cost 14 cents, including postage).