Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

when-issued security

Read a random definition: Standard and Poor’s 500 (S&P 500)

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.

wheel conspiracy | whereabouts

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
LSD+ is ad-free, with DMs, discounts, case briefs & more.