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circle
(redirected from circled the wagons)

    Also found in: Dictionary/thesaurus, Medical, Idioms, Encyclopedia, Wikipedia, Hutchinson 0.07 sec.
Circle
Underwriters, actual or potential, often seek out and "circle" investor interest in a new issue before final pricing. The customer circled has basically made a commitment to purchase the issue if it is available at an agreed-upon price. If the actual price is other than that stipulated, the customer supposedly has first offer at the actual price.
circle
A process used in finding interested buyers of a new security issue before determining the final price. A potential customer will be given a preliminary price (for example, the interest rate for a bond or the selling price for a stock) and will commit to a purchase if the issue is actually priced at the preliminary estimate. A different price permits the customer to back out or to get the first chance to buy the issue at the new price. Compare indication of interest.


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But what's happening politically is they've circled the wagons and are running this as if it's their school system and not the public's school system.
POWER STRUGGLE GAINING STRENGTH LAUSD'S TOP JOB DRAWING INTEREST by Daily News (Los Angeles, CA)
On the other hand, conservatives circled the wagons around Rick Santorum after his bigoted comments about homosexuality.
Bipartisan Coulterism by Dunlap, Kenneth / Reason
Rumsfeld declined to take my advice as Religious Right leaders circled the wagons around Boykin's "free speech" rights as if they were suddenly the world's greatest civil libertarians.
Advice and consent: Scalia says yes, but Rummy is reluctant by Lynn, Barry W. / Church & State
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