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agreement among underwriters

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Agreement among underwriters
A contract among participating members of a syndicate that defines the members' proportionate liability, which is usually limited to and based on the participants' level of involvement. The contract outlines the payment schedule on the settlement date. Compare: Underwriting agreement.
agreement among underwriters
A contract signed by members of an underwriting syndicate that specifies the syndicate manager, additional managers, member liability, and life of the group. Compare underwriting agreement.
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