Definition of when-issued in English:

when-issued

Line breaks: when-issued

adjective

Finance , chiefly US
  • Relating to trading in securities which have not yet been issued.
    More example sentences
    • Alternatively, the agency could let exchanges set prices by trading new-company shares before an IPO in a so-called ‘when-issued’ market.
    • All when-issued transactions are on a conditional basis until the security is delivered and bought.
    • We also find evidence of temporary price pressures on the date of execution of the spinoff of the subsidiary firms that bear resemblance to the pricing in the when-issued market.

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Pronunciation: kərf
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