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. |
Similar financial terms
All-or-none underwritingAn arrangement whereby a security issue is canceled if the underwriter is unable to re-sell the entire issue.
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.
Syndicate
A group of banks that acts jointly, on a temporary basis, to loan money in a bank credit (syndicated credit) or to underwrite a new issue of bonds.
