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 ?
CAA is entering Toronto having presold 10 titles, including "American Honey" (A24), "Snowden" (Open Road), "Nocturnal Animals" (Focus Features), and "Neruda" (The Orchard)--a sign that the first few days of the festival could be slow.
You arrive presold, gain the trust of the prospect, eliminate the competition and attract new clients more than 50 percent of the time.
It's already presold and it hasn't even come in yet," said Fallon.
As they approach the 2013 season, they have already presold $300,000 in dresses to their Clients.
A scheme on the former Rover car site, in Longbridge, Birmingham, has also seen 57 of 115 homes either presold or reserved.
Meanwhile, in order to limit the scope of the policy's impact, Lee Suh-der, finance minister, announced exclusion of presold houses from the scope of the tax, as well as a number of conditions for exemption.
Summit produced the picture for an estimated $30 million and presold foreign territories heavily to offset its cost exposure.
risks that Moody's has identified and that largely relate to the sale of unsold units in Dubai and in international markets, the cash collection of 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.
According toi the agents, 95 per cent of the site was presold before completion.
And pounds 6 of every copy presold will go to the West Bromwich Albion Former Players' Association.
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.