Seasoned: In the case of equity, having gained a reputation for quality with the investing public and enjoying liquidity in the secondary market; in the case of convertibles, having traded for at least 90 days after issue in Europe, and thus available for sale legally to U.S. investors.

 

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Seasoned: In the case of equity, having gained a reputation for quality with the investing public and enjoying liquidity in the secondary market; in the case of convertibles, having traded for at leas . . . View Full Definition

Seasoned New Issue: A new issue of stock after the company's securities have previously been issued. A seasoned new issue of common stock can be made using a cash offer or a rights offer.

Seasoned Issue: Issue of a security for which there is an existing market. Related: Unseasoned issue.

Seasoned Datings: Extended credit for customers who order goods in periods other than peak seasons.

Unseasoned Issue: An independent auditor's opinion that a company's financial statements comply with accepted accounting procedures. Antithesis of qualified opinion.

Secondary Market: When investors buy and sell securities through a brokerage account, the transactions occur on what's known as the secondary market. While the secondary market isn't a place, it includes all . . . View Full Definition

Secondary Issue: (1) Procedure for selling blocks of seasoned issues of stocks. (2) More generally, sale of already issued stock.

Delayed Opening: Refers to mortgage backed securities (MBS) that at the time of issuance were collateralized by seasoned loans originated prior to the MBS pool issue date.

Unsecured Debt: Issue of a security for which there is no existing market. See: Seasoned issue.