Meaning of “when-issued share” in the English Dictionary

business-english dictionary

"when-issued share" in Business English

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when-issued sharenoun [ C ]

uk us 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)