mezzanine bracket(redirected from Maker Bracket)
The members of an underwriting group with involvement large enough to be in the second participation tier from the top.
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In bracketing, the second largest underwriting group responsible for placing a certain amount of a new issue with investors. It is a somewhat informal term and is also called the maker bracket. Brackets are listed in order of size on an advertisement detailing each new issue, known as the tombstone.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
The list of underwriters who play a moderately important role in a securities offering.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.