Financial term of the day, Monday 26th of September 2016:

Circle

Underwriters, actual or potential, often seek out and "circle" investor interest in a new issue before final pricing. The customer circled basically made a commitment to purchase the issue if it comes at an agreed-upon price. In the latter case, if the price is other than that stipulated, the customer supposedly has first offer at the actual price.

Similar financial terms

Circle
Underwriters, actual or potential, often seek out and "circle" investor interest in a new issue before final pricing. The customer circled basically made a commitment to purchase the issue if it comes at an agreed-upon price. In the latter case, if the price is other than that stipulated, the customer supposedly has first offer at the actual price.

Did you know?

STD

Dobra from São Tomé and Príncipe.


Popular terms


About us  About bizterms.net
Contact us  Contact us
Bookmark us