underwriter — Any person, banker, or syndicate that guarantees to furnish a definite sum of money by a definite date to a business or government entity in return for an issue of bonds or stock. A professional firm (e.g., investment banker) that handles the… … Black's law dictionary
underwriter — / ʌndəraɪtə/ noun a person or company that underwrites a share issue or an insurance COMMENT: When a major company flotation or share issue or loan is prepared, a group of companies (such as merchant banks) will form a syndicate to underwrite the … Dictionary of banking and finance
syndicate — /sindakat/ An association of individuals, formed for the purpose of conducting and carrying out some particular business transaction, ordinarily of a financial character, in which the members are mutually interested. An organization formed for… … Black's law dictionary
syndicate manager — See: managing underwriter … Financial and business terms
Lead Underwriter — A investment bank or other financial outfit that has the primary directive for organizing an initial public stock offering, or a secondary offering for companies that are already publicly traded. The lead underwriter will usually work with other… … Investment dictionary
Underwriting syndicate — A group of investment banks that work together to sell new security offerings to investors. The underwriting syndicate is led by the lead underwriter. See also: lead underwriter. The New York Times Financial Glossary * * * underwriting syndicate… … Financial and business terms
underwriting syndicate — A group of investment banks that work together to sell new security offerings to investors. The underwriting syndicate is led by the lead underwriter. See also: lead underwriter. Bloomberg Financial Dictionary * * * underwriting syndicate… … Financial and business terms
lead underwriter — The head of a syndicate of financial firms that are sponsoring an initial public offering of securities or a secondary offering of securities. Could also apply to bond issues. Bloomberg Financial Dictionary * * * lead underwriter UK US noun [C]… … Financial and business terms
Pre-Syndicate Bid — A bid entered by a syndicate manager or underwriter in the Nasdaq system to stabilize the price of a Nasdaq security prior to the effective date of a registered secondary offering. The term penalty bid is also used. This is permissible under SEC… … Investment dictionary
Lead Manager/Underwriter — The institution awarded the mandate by a borrower to raise money via a bond or loan or share issue. The lead manager guarantees the liquidity of the deal, arranges the syndication of the issue and undertakes a major underwriting and… … Financial and business terms
