| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 3,898,973,728 visitors served. |
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
Undivided Account |
0.01 sec. |
|
|
Undivided Account In underwriting, a portion of a new issue that a member of a syndicate is responsible for placing with investors, where each member is responsible for placing the whole issue. Each underwriting firm in a syndicate is responsible for its own undivided account, but if a member of the syndicate fails to place its portion with investors, the other underwriters are under an obligation to "help out" that member until the entire issue is placed. This contrasts with a divided account, where underwriters are each assigned a portion of a new issue, and no underwriter is responsible for placing any part of the issue that it is not explicitly assigned.
Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
|
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup |
|---|