Definitions for "cash sale"
A transaction in which the securities are delivered on the trade date instead...
A stock transaction in which the contract is settled on the same day as the trade date. Settlements are done in this way because a party is short on cash and cannot wait for the five business days required for settlement. see also settlement date.
This is a sale of a product or service that is paid for when it is delivered. The paperwork that accompanies a cash sale is called a receipt and documents the delivery and payment.