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Purchase Group

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Purchase group

Syndicate
1. In banking, a group of banks that each lend an amount of money to a borrower, all at the same time and for the same purpose. The banks in a syndicate cooperate with each other for the duration of the project, even if they are otherwise competitors. Bank syndicates usually only lend large amounts of money. Every syndicate is a temporary arrangement.

2. In investment banking, a group of underwriters responsible for placing a new issue of a security with investors. As with banking syndicates, the members of an underwriting syndicate work together for the duration of the project. Every syndicate is a temporary arrangement. It is also called a purchase group or a selling syndicate.

purchase group
See syndicate.


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As is the case currently with many such unlisted firms, Takenaka's share purchase group has been having difficulty meeting the payment obligations for the retirees' shares because baby boomers are now retiring in droves, according to the sources.
 
 
 
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