A transaction on an authorized, but not yet issued security.
The shortened form of when, as, and if issued indicating a conditional transaction in a security authorized for issuance but not as yet actually issued.
When a stock enters into a corporate action, when issued transactions represent a transaction that has been made before the security has been issued. For instance, a stock that has been split or a company that is completing a merger is traded on a when issued basis.
Short for "when, as, and if issued." the term indicates a conditional sale of a security; the security has been authorized but not yet issued and paid for. All when-issued transactions are on a conditional basis until the security is delivered to the buyer and payment is delivered to the issuer. Federal home loan bank system bonds are sold on a when-issued basis.... read full article
A method of trading in listed or unlisted securities which have not actually been issued. The securities are not yet deliverable and such trades are subject to subsequent delivery of the certificates.
A short form of "when, as and if issued." The term indicates a conditional transaction in a security authorized for issuance but not as yet actually issued. All "when issued" transactions are on an "if" basis, to be settled if and when the actual security is issued and the exchange or National Association of Securities Dealers rules the transactions are to be settled.
Refers to a transaction that has been made before a security has actually been issued.
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 become effective but before completion are all traded on a when-issued basis. With ice.
The abridged form of "When, as, and if issued" is a conditional transaction in a security authorized for issuance but has not been issued yet. The abbreviation "WI" is used in newspaper stock listings. See: Issue
Short for when, as, and if issued which refers to a conditional transaction made prior to the security's issue date.