When issued: When Issued is the short form of 'when, as, and if issued,' that is used for securities that are about to be issued and whose settlement date is not set. The term is used to indicate the conditional nature of the trade since the security has not actually been released, and therefore, the transaction can only settle if the security is issued.
Settlement
When issued in our glossary: terms and definitions
When issued in our glossary: terms and definitions
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