Definition of issuable
- bonds issuable under the merger terms
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an issuable claim that the food additive causes cancer
Although "issuable" now tends to appear in financial contexts (such as in reference to shares that are eligible to be issued, or made available, according to a company's articles of incorporation), it was originally used in the late 16th century as a legal term: an issuable matter was one that was open to contest, debate, or litigation. Within a century, though, the word had taken on the meaning that it most commonly has today, "authorized for issue." In making its home in the world of finance, "issuable" is carrying on a family tradition. In the early 14th century, its predecessor "issue" was used in plural to refer to proceeds from a source of revenue, such as an estate. "Issue" itself traces back to Latin exire, meaning "to go out."
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