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Source:
Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority and you can order
it here)
As a verb,
to give out, emit, pass for delivery, or distribute. A government issues currency, bonds, etc.; a bank issues notes,
cashier's checks, money orders, letters of credit, etc.; a corporation
issues checks, notes, bonds, stocks, etc.
As
a noun, in underwriting and investment finance, a new flotation of securities
placed on the market for distribution to the investing public.
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