when issued

when issued
adv.
Shortened form of phrase “when, as, and if issued,” used to describe a security that has not yet been authorized for issue, or that has been authorized but does not in fact exist yet, which can be purchased in a conditional transaction that becomes complete when the stock is officially issued.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

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  • when-issued — ( WI) New securities issues announced by the issuer but not yet sold or issued. Securities may be purchased or sold on a when issued basis. Such trades are negotiated on a yield basis since price cannot be determined until the coupon rate is… …   Financial and business terms

  • When Issued - WI — A transaction which is made conditionally because a security has been authorized, but not yet issued. Treasury securities, splits, and new issues are all traded on a when issued basis. The term is actually short for when, as, and if issued …   Investment dictionary

  • when issued — ( WI) Refers to a transaction made conditionally, because a security, although authorized, has not yet been issued. Treasury securities, new issues of stocks and bonds, stocks that have split, and in merger situations after the time the proxy has …   Financial and business terms

  • when-issued —  ̷ ̷ˈ ̷ ̷(ˌ) ̷ ̷ adjective Etymology: from the phrase when issued : of, relating to, or constituting a securities contract on which settlement is not required until the securities are ready for delivery …   Useful english dictionary

  • when-issued share — ➔ Share * * * when issued share UK US noun [C] (US also when issued stock [C or U]) STOCK MARKET ► a share or stock that has official permission to be bought and sold but is not yet officially available for sale, although unofficial trade has… …   Financial and business terms

  • when-issued stock — ➔ stock1 * * * when issued stock UK US noun [C or U] US STOCK MARKET ► WHEN ISSUED SHARE(Cf. ↑when issued share) …   Financial and business terms

  • when–issued security — see security Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • when issued stock — See when issued …   Ballentine's law dictionary

  • when issued — Abbreviated term in securities law for when, as and if issued in connection with a stock not yet authorized for issuance. The term refers to a conditional transaction in which one indicates a desire to buy when the security is available for sale… …   Black's law dictionary

  • when-issued — /hwen ish oohd, wen , hweuhn , weuhn / or, esp. Brit., / is yoohd/, adj. of, pertaining to, or noting an agreement to buy securities paid for at the time of delivery. Abbr.: wi, w.i. * * * …   Universalium

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