Meaning of the word issuance in English

What does issuance mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

issuance

US /ˈɪʃ.u.əns/
UK /ˈɪʃ.u.əns/

Noun

the act of officially giving or sending something out

Example:
The government announced the issuance of new passports.
The company is planning the issuance of new shares to raise capital.