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

 

Related Words

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

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

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.

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

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.

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

Original Issue Discount Debt (OID Debt): Debt that is initially offered at a price below par.

New Issue: When a stock or bond is offered for sale for the first time, it's considered a new issue. New issues can be the result of an initial public offering (IPO), when a private company goes public . . . 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