Related Words

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

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

Reissue: The generation of a new ticket that is exchanged for another, due to a change of plans, dates, flights, etc. May involve additional fare, penalties and fees.

Reopen An Issue: The Treasury, when it wants to sell additional securities, will occasionally sell more of an existing issue (reopen it) rather than offer a new issue.

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

Pre-Sold Issue: An issue that is sold out before the coupon announcement.

Oversubscribed Issue: Investors are not able to buy all the shares or bonds they want, so underwriters must allocate the shares or bonds among investors. This occurs when a new issue is underpriced or in great de . . . View Full Definition

New-Issues Market: The market in which a new issue of securities is first sold to investors. This is not a separate market but refers to a niche of the overall market.

Original Issue Discount: A bond or other debt security that is issued at less than par but can be redeemed for full par value at maturity is an original issue discount security. The appeal, from an investor's perspe . . . View Full Definition