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English definition of “when-issued share”

when-issued share

noun [C]
 
 
(US also when-issued stock [C or U]) STOCK MARKET
a share or stock that has official permission to be bought and sold but is not yet officially available for sale, although unofficial trade has begun: The when-issued shares begin trading on Tuesday.
(Definition of when-issued share from the Cambridge Business English Dictionary © Cambridge University Press)
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