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 ?
"Our strategy to reduce forward sales risk through an increased proportion of pre-funded, presold homes has also realised a 15% increase in our total forward sales position.
CPG managing director Robbie Antonio earlier said the project received better than expected interest as it has presold P1.7 billion worth of residential units.
Similarly, the Hyderabad facility has also been presold 50 percent, owing to an increased demand for workspaces in southern states of India.
This initial order has been presold and is the first of several CBD infused oral spray products that the firm plans to roll out in the near future.
Guests including influencers Hannah Stocking and Jena Frumes shopped and received exclusive sales from additional featured fashion, accessory and beauty brands including, Flynn Skye, Logan Hollowell Jewelry and Gladys Tamez Millinery x For Love & Lemons who presold their hat collaboration exclusively on Livby. Attendees enjoyed cocktails and tray-passed appetizers along with sounds by DJ Zen Freeman. 
CAA's Micah Green and Roeg Sutherland head to Toronto with a clutch of presold titles and a rosy view of the prospects for independent film, even as some festival darlings this year have crashed and burned at the box office
One of the six residential spaces in the building has been presold after about two weeks on the market.
More than $100 million in tickets have been presold in North America.
Your referral source has presold you and your capabilities.
"Everything we canned is sold or presold at this point," Harms said.
The performance on July 17 has been presold to charity and no tickets will be available.
"It's already presold and it hasn't even come in yet," said Fallon.