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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.
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| Greg Maddux's historic career comes full circle tonight when he takes the mound at Dodger Stadium, roughly 300 feet from the spot where he sat the night he attended his first major league game. When City National Bank next month launches a marketing campaign developed by M&C Saatchi Los Angeles, ad agency matchmaker Catherine Bension's job comes full circle. This summer the exchange comes full circle with a mini festival of contemporary Russian choreographers appearing at ADF. |
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