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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

When-Issued

Definition:

A transaction that is conditional because the security has been authorized to have been issued, but has not yet been issued. This applies to IPOs, secondary offerings and stock splits. Trading can occur in these shares, but the transactions are subject to the shares actually coming into existence. If for some reason they don't, the transaction is canceled.

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