One of the mysteries of the English language finally explained.
Issue (bonds, shares of stock, etc.) beyond the authorized amount or the issuer's ability to pay them on demand.
- ‘Each time, a state in fiscal crisis overissued paper money, causing inflation, debasement of the money, and commercial chaos.’
The action of overissuing bonds, shares of stock, etc.
- ‘It was not the circulation of a large supply of money as such which was troublesome, but the overissue as compared with the real requirements of trade and industry.’
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