* Site-Outage Notice: Our engineering elves will be tweaking the Shmoop site from Monday, December 22 10:00 PM PST to Tuesday, December 23 5:00 AM PST. The site will be unavailable during this time.
© 2014 Shmoop University, Inc. All rights reserved.

Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.



A transaction that is conditional because the security has been authorized to have been issued, but has not yet been issued. This applies to IPOs, secondary offerings and stock splits. Trading can occur in these shares, but the transactions are subject to the shares actually coming into existence. If for some reason they don't, the transaction is canceled.