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 ?
The page reference to either French and English texts will be given between round brackets throughout this paper.
In general his directions (mostly in the subjunctive mood, though not so consistently as in Lope) are accurately rendered, but (for no good reason, to my mind) those that do not refer to exits or entrances are given in round brackets. Worse, Lee is added without brackets at 845, but with them in 3031, and other acotaciones are invented, without brackets, after 1062, in 1064, after 2131, and in 2340.