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 ?
Since Echelon is filming classes for their global members, off-peak hours will be free.
Westpeak is a unique lightweight veneer from Echelon's Artisan Collection, featured in Onyx, Wheat and Magnolia colors.
Echelon is driving the evolution of control networking for the IIoT, supporting multiple legacy protocols while enabling industrial businesses to move into the future world of IP-enabled devices, said Varun Nagaraj, senior vice president and general manager, Internet of Things, Echelon.
One Echelon client was Joe Bloggs clothing company founder Shami Ahmed, 46, whose addiction to high-stakes stock market gambles led to his bankruptcy two years ago.
The company's Echelon Flex Endopath Staplers deliver system-wide compression, natural articulation and optimal staple formation in a variety of tissue thickness.
"Our smart grid project utilizes the top technologies worldwide, including Echelon's NES System, to serve today's needs and Denmark's future needs, from electric car charging, to automated demand response programs and time-of-use tariffs, all while improving customer service."
Moreover, we were all well briefed by our echelon commanders.
Echelon has scaled the heights for trainer Sir Michael Stoute this season and followed up defeat of her owner's Cesare in the Celebration Mile with a first Group 1 success in the Matron Stakes at Leopardstown last month, when she took the notable scalp of Red Evie.
THE Value Scope success story just goes on and on and Echelon's 7-1 win at Goodwood last Saturday (above) pushed the 2007 profit to 209 points.
ECHELON and champion jockey Ryan Moore refused to be denied in Goodwood's Celebration Mile as they got the better of hot favourite Cesare by just over a length.
An operative for Echelon, Laing is later resurrected with implanted drones that the National Security Agency's special department has engineered.
Robert Dunn, Echelon's End: PlanetFall is set in the far-flung future when Earth is but a distant memory and humanity has colonized the stars.