Reallowance

Reallowance

A fee that an underwriting syndicate pays to a company that helps place a new issue with investors, but is not part of the syndicate.
References in periodicals archive ?
5% extra in commissions on those product sales, which is called "marketing reallowance.
12 (noting also that "[underwriters typically provide in underwriting agreements that the only statements attributable to them concern their name and address and the amount of the concession or reallowance in a public equity offering").
Gross underwriter spread (hereafter referred to as underwriter spread) includes a management fee, underwriting fee, selling concession, and reallowance fee.
Examples include the institution and repeal of investment tax credits; the allowance, disallowance, and reallowance of the deductibility of traditional IRA contributions for a working spouse whose spouse is in a pension plan; and the comings and goings of capital gains rates.
Peltier receives a percentage of the broker reallowance, which varies based on the amount his client invests.
Last quarter, the firm announced its approval as an underwriter and reallowance dealer of Federal Home Loan Bank System long-term debt programs, and as an underwriter of Freddie Mac's debt programs.
MF Global was approved by the Federal Home Loan Bank (FHLB) System as an underwriter and reallowance dealer.
NYSE: MF), a leading intermediary offering customized solutions in global cash, derivatives and related markets, has been approved by the Federal Home Loan Bank (FHLBank) System as an Underwriter and a Reallowance Dealer.
The selling concession is 61 cents and reallowance is 10 cents.
The reallowance, or the amount per share allocated to firms that are not members of the selling group, was $0.