tap issue

(redirected from Tap Stocks)

Tap Issue

An issue of a bond that is not placed immediately with investors. That is, the issuer authorizes the bond and makes it available, but holds it back until it needs or desires the cash flow that the sale of the issue would bring. The French and British governments are the most common tap issuers. A tap issue is also called tap stock.

tap issue

the issue of TREASURY BILLS and BONDS by the Bank of England at a predetermined price to government departments, which have short-term financial surpluses as a means of covering some of the financial deficits of other government departments. Contrast TENDER ISSUE.
Mentioned in ?
References in periodicals archive ?
What To Watch For In The US Session • Traders Look To Book Profits • Bank Stress Tests and NFP's Looming • ISM Non-Manufacturing On Tap Stocks Looking At A Lower Open As Traders Look To Book Profits, Service Sector Data Ahead U.