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TeachMeFinance.com - explain Selling out historic definition... Selling out -- When a broker arbitrarily closes the account (in stocks or commodities) of a customer for failure to provide margin or for some similar reason the operation is described as selling out the customer. On the London Stock Exchange when a seller of stock or shares does not receive from his buyer the name of the party to whom the stock is to be transferred (see Name) by an appointed time he is entitled to sell the stock out; that is, to instruct the official broker to make a fresh sale for cash. The difference 'between the price at which the fresh sale is made and that of the original bargain, together with the official broker's commission, is charged to the person responsible for the delay in passing the name. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.