when-issued
adjective[before noun]
STOCK MARKETukus(written abbreviationWI)relatingtosharesandbondsthat haveofficialpermissionto beboughtandsoldbut are notyetofficiallyavailableforsale,althoughunofficialtradehasbegun:
Stock of the newcompanywillbegintradingtomorrowon a when-issuedbasis.
Thesebondsfetched6.56% inwhen-issuedtradingyesterday.
A when-issuedmarketis used tohelppricesomestocksbefore they areissuedtoinvestors.