- 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. Academic. 2012.
Look at other dictionaries:
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 — 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… … Law 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 — 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
when issued — A familiar term in transactions in stock and bonds on stock exchanges, involving securities contemplated for issuance but unissued at the time. 50 Am J1st Stock Ex § 25 … Ballentine's law 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