Business and Personal Finance Dictionary

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• CASH SALE OR CASH TRANSACTION
  
  Is a transaction which calls for cash payment, delivering and settlement on the same day as the trade. This compares to a Regular Way transaction which are traded on one day and settled on a different day in accordance with industry standards or special terms. These trades are sometimes made to receive a dividend, to be entitled to a rights offering, or to be a shareholder on a record date in order to vote. It should be noted that the settlement process has been shrinking in order to reduce the risk associated with an open trade and its still to be made settlement.
  
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