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NRO |
Also found in: Dictionary/thesaurus, Acronyms, Wikipedia, Hutchinson | 0.01 sec. |
NRO Not re-offered. The issue or a portion of an issue that already has a buyer or buyers, and, as such, is not reoffered to the public by underwriters. For example, an investor may purchase a large number of bonds with the stated intent to hold them until maturity. As such, this investor would have no interest in offering them on the secondary market. The underwriter selling the bonds then may indicate that this purchase is "not reoffered," which may or may not affect prices for the remainder of the issue. The MSRB's Rule G-32 requires underwriters to disclose price spreads, including on portions of an issue that are not reoffered. See also: Private placement. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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