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Simple English definitions for legal terms

when-issued security

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A quick definition of when-issued security:

A when-issued security is a type of investment that represents ownership or creditor rights in a company or government. It can be a stock, bond, or other type of financial instrument. Unlike physical commodities, securities do not have intrinsic value and their worth depends on the financial condition and future prospects of the issuer. When-issued securities are bought and sold before they are officially issued, allowing investors to speculate on their future value.

A more thorough explanation:

A when-issued security is a type of financial instrument that represents a future obligation to buy or sell a security at a specified price. It is a security that has been authorized but not yet issued or traded.

For example, a company may announce that it will issue new shares of stock in the future. Investors can then buy and sell these shares before they are actually issued. This is known as trading "when-issued" shares.

Another example is when a bond is issued but not yet traded. Investors can buy and sell the bond before it starts trading on the market.

When-issued securities are often used by investors to speculate on the future price of a security. They can also be used to hedge against potential price changes.

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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