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.
The alternative J estimator is (Y3 - Y1)/(x3 - x1) = [-1/(x3 - x1)]Y1 + [0] Y2 + [1/(x3 - x1)]Y3, where again the weights are the expressions in the square brackets.
Substitutions are indicated in the text by use of square brackets.
Editorial comment, in square brackets, notes perceived inconsistencies or minor errors and prejudices (e.
It is possible to use square brackets to indicate concentrations since "references" which do not appear in the database are ignored.
Three of them -- Mortlach, Abernethy, and Abercorn -- had a somewhat shadowy existence; their entries are 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.