SUPPLANT Definition

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SUPPLANT is to take the place of or move into the position of, e.g. the computer supplanted the slide rule.

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AGENCIES is securities issued by various agencies of the U.S. Government, such as the Federal National Mortgage Association.

WHEN-ISSUED, in securities, is a transaction made conditionally because a security, although authorized, has not yet been issued, e.g, new issues of stocks or bonds, stocks that have been split and Treasury securities are all traded on a when-issued basis.

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