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 outcome in Alaska Sport Fishing Ass'n demonstrates the need for both legislatures and courts to rethink the expansive applications of the parens patriae doctrine and its relationship to res judicata's concept of privity.
Part IV critically examines both the ability of the governments to recover all lost use damages as well as the court's decision and reasoning, as well as the issue of privity between the governments and ASFA, the concept of parens patriae, and how the courts have over-extended the doctrine.
43) Alaska also sued in its capacity as parens patriae.
The consent decree recited that the governments acted in their parens patriae capacities as co-trustees for the public:
90) In addition, the Ninth Circuit ruled that when a state is acting in its parens patriae capacity, it is presumed to represent the public interest.
In addition, the court's expansive reading of the doctrine of parens patriae for the purposes of privity raises serious questions about whether it is time to place viable limitations on the doctrine.
109) The Ninth Circuit held that the United States and the State of Alaska, acting as trustees for the public (in their parens patriae capacity) under the CWA and CERCLA, had authority to recover for all lost-use damages caused by the Exxon Valdez oil spill.
145] The doctrine of parens patriae is often invoked procedurally, as in Alaska Sport Fishing Ass'n, as the basis for a government to assert claims for recovery of natural resource damages as a trustee of the public.
The district court, nonetheless, had concluded that the sport fishers were privies of the governments under the doctrine of parens patriae.
157] However, under the parens patriae doctrine, the test for intervention becomes much more stringent when the applicant for intervention is a citizen of the state that is already a party to the suit.
However, when Bian applies for a visit permit at the border post at Long Midang, he usually writes in the "Purpose of Visit" column, "to visit my uncle, Balang Paren.
1968 Paren Semayung of Basuik To visit relative Ruran Paran of Long Semado Naseb 03.