short sale
Definition from Wiktionary, the free dictionary
[edit] English
[edit] Noun
short sale (plural short sales)
- (real estate) A property sale negotiated with a mortgage company in which a lender takes less than the total amount due.
- (investments) A sale of a security that one does not own, delivery obligation met by borrowing the security from another owner.
- (economics) A sale of a financial security, commodity, or other good that one does not own with the contractual obligation to make delivery of the good to the buyer at a date in the future.
[edit] Translations
property sale negotiated with a mortgage company in which a lender takes less than the total amount due
sale of a security that one does not own, delivery obligation met by borrowing the security from another owner
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