Severally and Jointly

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Jointly and Severally

Relating to an agreement between the issuer of a new security and its underwriting syndicates mandating that the underwriters are responsible for any unsold portion of the issue in proportion to their participation in the issue, even if they sold their initially agreed upon participations. For instance, suppose an underwriting firm is responsible for placing 15% of an issue and does so. If the entire issue is not placed, the firm is still responsible for placing 15% of the unsold portion of the issue. This process continues until the entire issues is sold or the remainder cancelled.

severally and jointly

See jointly and severally.

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Jointly and Severally			set off Set Up Set-Aside set-aside letter setback Setoff Setor de governo Settle Settle Price settlement Settlement Agent Settlement Costs settlement date Settlement Month Settlement Options Settlement Period Settlement Price Settlement Rate Settlement Risk settlement statement settling settlor sever Severability severally Severally and Jointly Severally But Not Jointly severalty Severance severance damages sewer Seychelles Rupee Seymour Sfratto SG SG&A SGD SGL SGL-1 SGL-2 SGL-3 SGL-4 SH Shadow shadow anchor Shadow Calendar Shadow Open Market Committee Shadow Pricing Shadow Rating Shadow Stock Shadows			Severability Clauses severable severable severable severable severable contract severable contract Severable Use Rights several several several several several several Several complex variables several irons in the fire Several liability Several liability Several liability Several Wine Imbibers Liking Libations several-seeded severalfold severalise severality severalize severally severally severally severally severally Severally and Jointly Severally but not jointly Severally liable Severally liable Severally liable severalties severalties severalties severalty severalty severalty Severalty Ownership Severan Wall Severan Wall severance severance severance severance severance agreement Severance Benefit Severance Benefit Severance Benefit Severance Benefits Severance Benefits Severance Benefits Severance Damages Severance of Diplomatic Relations severance of relations Severance package Severance package Severance package

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