agreement among underwriters

agreement among underwriters definition - finance
A contract signed by the members of an investment banking syndicate that has been established to sell stock or bonds for a corporation. It appoints the managing agents, defines how much each firm is allowed to sell, outlines each firmÂ’s liability, determines how costs will be allocated, and sets other rules as needed.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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