Guaranteed Issue: An insurance policy provision under which all eligible persons who apply for insurance coverage and who meet certain conditions are automatically issued an insurance policy.

 

Related Words

Guaranteed Issue: An insurance policy provision under which all eligible persons who apply for insurance coverage and who meet certain conditions are automatically issued an insurance policy.

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

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

Overissue: An excess of issued shares over authorized shares.

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.

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

Issued Stock: Authorized stock originally issued to stockholders: it may or may not still be outstanding.

Issued Share Capital: Total amount of shares that have been issued. Related: Outstanding shares.