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Main Finance Terms presale order

presale order



order to purchase part of a newmunicipal bondissue that is accepted by an underwritingsyndicate managerbefore an announcement of the price orcouponrate and before the officialpublic offering. Municipals are exempt from registration requirements and other rules of the Securities and Exchange Commission, which forbids preoffering sales of corporate bond issues.

See alsopresold issue
Related Terms:
Dictionary of Finance and Investment Terms
presold issue

issue of municipal bonds or government bonds that is completely sold out before the price or yield is publicly announced. Corporate bond issues, which must be offered to the public with a Securities and Exchange Commission registration statement, cannot legally be presold.


Referring Terms:
presold issue


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presale order