Municipal bond underwriting in which the account is undivided and syndicate members are responsible for unsold bonds in proportion to their participation, regardless of how many bonds they may have already sold. A firm with 20% of the account is responsible for selling 20% of the unsold bonds even if has already sold 25% of the total debt issue, fo...
Found on
http://www.duke.edu/~charvey/Classes/wpg/bfglosj.htm
Municipal bond underwriting in which the account is undivided and syndicate members are responsible
Found on
http://www.encyclo.co.uk/local/22402
No exact match found.
