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 ?
Likewise, the second line of the filth stanza has a parenthesis separating what could have been one sentence: birds sing, a point where the two layers temporarily merge.
Clearly, the elusiveness of the phenomenon of parenthesis would be a challenge to any analysis.
Search its matching parenthesis and its corresponding [[Gamma].
In another project, Parenthesis creatives were involved with gallery staff in a Big Draw event for the public that encourages people to develop their drawing skills.
uk | The Space is supporting the In Parenthesis Streaming, a dedicated website giving more on the life of David Jones, and the Microsite.
It's a great credit to Parenthesis that they have picked up national recognition for their work.
According to Lucie Thwaites, of Parenthesis, the guide will be a key marketing tool for the tourism industry, which is one of the mainstays of the local economy.
Students Babis Alexiadis (above, far right) and James Munt (second right) have been working in residence at Coventry-based communications agency Parenthesis producing their work as part of a scheme run by Arts and Business.
Parenthesis indicate words that are difficult to read because of the quality of the fax.
Anne Bjerge Hansen's work, Middle Lands, has been commissioned for the centre as part of a scheme with Parenthesis, a Coventry-based design and marketing communications agency.