when-is|sued


when-is|sued
when-is|sued «HWEHN IHSH ood», adjective.
at such time as a stock or security is issued, referring to the trading that is permitted between the time a security is authorized and its actual issuance. If issuance does not take place, all prior trading in the security becomes invalid. »

Over-the-counter trading, on a when-issued basis, began in New York as soon as the S.E.C. clearance was announced (Wall Street Journal).


Useful english dictionary. 2012.

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