Short for "when, as, and if issued." The term indicates a conditional sale of a security; the security has been authorized but not yet issued and paid for. All when-issued transactions are on a conditional basis until the security is delivered to the buyer and payment is delivered to the issuer. Federal Home Loan Bank System bonds are sold on a when-issued basis.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). when issued. Retrieved September 21, 2026, from http://smartdefine.org/when_issued/definitions/1166481 |
| Chicago | Barry Goldsmith. 2010. "when issued" http://smartdefine.org/when_issued/definitions/1166481 (accessed September 21, 2026). |
| Harvard | Barry Goldsmith 2010, when issued, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/when_issued/definitions/1166481>. |
| MLA | Barry Goldsmith. "when issued" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/when_issued/definitions/1166481> |