from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun The issue, as of notes or securities, in excess of the issuer's capital, credit, or authority.
from The Century Dictionary.
- To issue in excess, as bank-notes or bills of exchange beyond the number or amount authorized by law or warranted by the capital stock; more loosely, to issue in excess of the wants of the public or the ability of the issuer to pay; issue contrary to law, prudence, or honesty.
- noun An excessive issue; an issue in excess of the conditions which should regulate or control it. See the verb.
from the GNU version of the Collaborative International Dictionary of English.
- noun An excessive issue; an issue, as of notes or bonds, exceeding the limit of capital, credit, or authority.
- transitive verb To issue in excess.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- verb economics To
issue sharesor banknotesto an extent beyond the ability to pay, or in excessof authorization
- noun The act of so overissuing
from Wiktionary, Creative Commons Attribution/Share-Alike License
Inflation is the process by which monetary authorities devalue their currency, and as Zimbabwe is teaching us now, one way to devalue is to overissue the currency in question.
As their issue is not peremptory, and the aggregate cannot exceed the surplus revenue or sinking fund, there is no danger of an overissue, while their existence among the people will be the best reserve when gold alone becomes the full standard of value.
This, however, furnishes no adequate security against overissue.
England been compelled to apply to France for the specie to arrest a destructive panic growing out of an insufficient amount of coined money upon a safe basis and an overissue of supplemental or faith money.
Rather uglier had been Bassett's identification with the organization of the White River Canneries Company, a combination of industries on which a scandalous overissue of stock had been sold in generous chunks to a confiding public, followed in a couple of years by
The panic of 1873, which prostrated all business, was the result of the excesses of the war, the overissue of legal tender and the feverish, unhealthy expansion that followed.
Tight money, or news from Europe, or an overissue of similar bonds; next week it would be better.
He insisted that John Law's notes at first restored prosperity, but that the wretchedness and ruin they caused resulted from their overissue, and that such an overissue is possible only under a despotism.
Now, that man who is affable in public and who is irritable in private is making a fraudulent overissue of stock, and he is as bad as a bank that might have four or five hundred thousand dollars of bills in circulation with no specie in the vault.
Our issues of paper seem to have been regulated by no principle, and the consequence has been an overissue, far beyond the actual wants and necessities of the country even in a time of war.