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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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Dkk
23:59
Welcome! It really is a great school. Much more to explore than I did. Glad at leat someone will like it.
Ya i love LA i am here for the long haul probably
Dkk
0:00
La Table De Sophie & Bicycletta have gone out of business but everything else should be there.
Dkk
0:02
I will ask though, if you lived in NY, best restaurants for you there?
Dkk
0:02
I plan on doing the reverse. Going west coast to east coast when you did east coast to west.
Cosme and fiaschetteria pistoia are my favorites!
Love Waverly inn too and Cafe Cluny
i lived in west village so all those are in WV but Cosme is more flatiron
Also love Sushi Hatsune for sushi delivery
Oh and a great whole in the wall is K-jun, cajun/korean fushion in koreatown
Dkk
0:04
Excellent, I took a screenshot. I will figure out later.
@Ijustwannagetinman: banned on hinge fun fact
Dkk
0:04
@Ijustwannagetinman: banned on tinder fun fact
LOL i only do raya im scared of most dating apps. Yall should try it although u do have to pay
all my friends have it though
Dkk
0:05
A dating app for "high profile individuals" hmmm....
I thought raya is pretty exclusive
Dkk
0:07
@CurvyHypnoticSheepdog: This man is established.
@Dkk: we're some lowlifes
can't even say I have a half baked situationship
Dkk
0:11
Indeed, we are the lowest of the lowlifes but we have the potential to be the highest of the high lifes.
maybe I find my wife in law school
0:12
i may not be a high life but i sure can chug one
chug off
gang Ive sent 15 applications in between 12/01 and 12/15 and I've yet to hear back how clapped am i
they dont even want to waste the rejection emails on me smh
Dkk
1:11
@WhyDidIGetMyCPA: Don't expect shit till mid february.
Dkk
1:11
I sent shit in End of October to 1st week November and I have barely heard back.
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