sub-underwriter

sub-underwriter
Institutions which agree with the underwriter to take up a proportion of any shares which the underwriter has underwritten. Most large share issues and offers by listed companies are underwritten.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • sub-underwriter — /ˌsʌb ʌndəraɪtə/ noun a company which underwrites an issue, taking shares from the main underwriters …   Dictionary of banking and finance

  • underwriter — un·der·writ·er / ən dər ˌrī tər/ n 1 a: a person (as an individual or a company) who underwrites an insurance policy: insurer b: a person who assesses risks to be covered by an insurance policy 2: a person (as an individual or company) who… …   Law dictionary

  • sub-underwrite — /sʌb ˈʌndəraɪt/ (say sub unduhruyt) verb (t) (sub underwrote, sub underwritten, sub underwriting) to subcontract (the obligation of an underwriter) …  

  • 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

  • Rights issue — When doing a Secondary Market Offering of shares to raise money, a company can opt for doing a rights issue to raise capital. With the issued rights, existing shareholders have the privilege to buy a specified number of new shares from the firm… …   Wikipedia

  • cash underpinning agreement: synopsis — A note of the main terms of a cash underpinning arrangement (also known as a cash underwritten alternative) applying on a takeover bid. A cash underpinning arrangement (also known as a cash underwritten alternative) will be required where the… …   Law dictionary

  • Collateralized debt obligation — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia

  • Late-2000s financial crisis — The TED spread (in red) increased significantly during the financial crisis, reflecting an increase in perceived credit risk …   Wikipedia

  • Convertible bond — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia

  • Merrill Lynch — This article is about Merrill Lynch as an independent company prior to its January 2009 acquisition by Bank of America and its continuing existence as the wealth management division of Bank of America. For the corporate and investment banking… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”