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| Definitions by InvestorWords.com |
| What is...? |
| syndicate A group of investment banks which jointly underwrite and distribute a new security offering. also called underwriting group or purchase group or banking syndicate or investment banking syndicate or distributing syndicate. Also, a group of investors who act together when investing in a company. see also Agreement Among Underwriters, underwriting agreement, allotment, breaking the syndicate, bulge bracket, concession, free riding, group sale, lead investor, lead underwriter, selling group, negotiated underwriting, pre-syndicate bid, release letter, tombstone, underbanked, underwriting spread. |
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