Bracket

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Bracket

A term signifying the extent of an underwriter's commitment in a new issue, e.g., major bracket or minor bracket.

Bracket

A group of underwriters responsible for placing a certain amount of a new issue with investors. Brackets are arranged in a hierarchy, which indicates how much of an issue each bracket is placing with respect to the others. The brackets are called, from largest to smallest: bulge bracket, major bracket, minor bracket, underwriter, selling group. The second largest bracket is sometimes called the mezzanine bracket. Brackets are listed in order of size on an advertisement detailing each new issue, known as the tombstone.
References in periodicals archive ?
The expression in square brackets measures the deviation from an estimated long-term relationship between problem loans and banks' lending to enterprises, real interest rates, the unemployment rate, the real exchange rate and real oil prices.
Asides are rendered in parentheses and integrations from other texts or additions to the original sense in square brackets.
Parameters enclosed in square brackets, [], indicate options.
The text that is currently on the table contains two hundred pages with a feast of alternatives and a forest of square brackets.
The draft text contains both options in square brackets and a final decision on the wording is not expected until the very last moments of the conference.
What the Central Bank has omitted to mention is the significance of the use of square brackets in working documents produced by EU bodies.
Throughout the article, we'll use square brackets [ ] to signal a search query, so [ black and white ] is one query, while [ black ] and [ white ] are two separate queries.
The text still needs tightening up--and there are plenty of square brackets in the draft (which signifies a lack of consensus), but the aim is striking a final deal this year.
The names of the fields used in the calculation are enclosed in square brackets, and the desired operation uses the same math symbols as in Excel and elsewhere (+, -, *, and /).
Nath had noted a sharp increase in the number of square brackets, or alternatives, in the new negotiating text, which was released on Monday.
A glass body and cap emit an airy, almost 360 degree glow, and square brackets, simple arms and uncomplicated finials are highlighted by a Black finish.
Here, parentheses and square brackets are assigned meanings different from elsewhere in the book (sometimes, but not always, square brackets are used with their traditional meaning of words supplied by the editor).