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The portion of stock or bond issue that is returned to the managing underwriter by the participating investment bankers for sale to institutional investors.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
The portion of a new issue that the lead underwriter places with institutional investors. Sometimes the underwriters in a syndicate give the pot back to the lead underwriter from their remainder and sometimes it is specifically set aside at issue.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
The securities from a new issue that are returned to the lead underwriter by syndicate members for sale to institutional investors. See also pot is clean.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.