when issued

When Issued - WI

A transaction which is made conditionally because a security has been authorized, but not yet issued.

Investopedia Commentary

Treasury securities, splits, and new issues are all traded on a when-issued basis. The term is actually short for "when, as, and if issued."

See also: Authorized Stock, V

Also spelled: WI

when-issued

Used to refer to a security that has not yet been issued but that will be issued in the future. Trading in when-issued securities often occurs between the time a new security is announced (for example, the time when a stock is split) and the time the certificates are actually issued.