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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
individual vehicle models 445 Absolute value of z statistics in parantheses *significant at 5%; ** significant at 1% Dummy variables to represent individual brands are not shown.
of observations 1610 1610 1610 Within [R.sup.2] 0.02 0.02 0.01 Standard error in parantheses. See text for details.
The letters in the parantheses at the left of each column correspond to the questions originally used by Graham and Harvey (2001).
2) Wald statistics are in parantheses. 3) Fixed effects for industry included in all models.
These forms provide for certain disclosures to clients (or potential clients) as required by CFP Board's Code of Ethics, with corresponding Rules in the Code of Ethics referrenced in parantheses. The client acknowledgments at the end of each disclosure form are not required by CFP Board's Code of Ethics, but CFP certificants may wish to use them for their own purposes.
T-satistics appear in parantheses. (a) (a)** and * indicate significance at the 5 and 10 percent levels, respectively.
We report coefficient estimates from OLS regressions and asymptotic t-statics based on White (1980) standard errors in parantheses. TABLE 5 Test of H2a: Frequency Distribution of Executives' Actual vs.
Standard errors are in parantheses. (**)and (*)represent statistically significant at 1% and 5% levels, respectively.