All-or-none underwriting

An arrangement whereby a security issue is canceled if the underwriter is unable to re-sell the entire issue.

Similar financial 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.

Underwriting income
For an insurance company, the difference between the premiums earned and the costs of settling claims.

Underwriting fee
The portion of the gross underwriting spread that compensates the securities firms that underwrite a public offering for their underwriting risk.

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Cash cow

A company that pays out all earnings per share to stockholders as dividends. Or, a company or division of a company that generates a steady and significant amount of free cash flow.


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