TeachMeFinance.com - explain For the coming out
For the coming out -- London Stock Exchange term for a
bargain (contract) in shares or stock which have been authorized
but not yet issued. The certificates are to be delivered
when issued and payment is then to be made for them. In
the New York stock market such a contract is designated
as "when issued," meaning that the certificates are to be delivered
when issued, and are then to be paid for.
About the author
Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.