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Simple English definitions for legal terms
new issue
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A quick definition of new issue:
A new issue refers to a stock or bond that a company is selling for the first time to raise money. It can also refer to a series of securities that are offered for sale at the same time. In legal terms, an issue is a point in dispute between two or more parties, and it can be a fact issue or a legal issue. A fact issue is a point supported by one party's evidence and disputed by another's, while a legal issue is a point on which the evidence is undisputed, and the outcome depends on the court's interpretation of the law.
A more thorough explanation:
Definition: A new issue refers to a stock or bond that a company sells for the first time to raise working capital. It can also refer to a class or series of securities that are simultaneously offered for sale.
Example: Company XYZ decides to sell shares of its stock to the public for the first time. This is a new issue of stock. Investors can buy these shares and become part owners of the company.
This example illustrates the definition of a new issue as a stock or bond sold by a corporation for the first time.