Underwriting agreementThe contract between a corporation issuing new publicly offered securities and the managing underwriter as agent for the underwriting group. Compare to agreement among underwriters.
Underwriting syndicateUnderwriting 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. See also: Lead underwriter.
Underwriting feeUnderwriting fee
The portion of the gross underwriting spread that compensates the securities firms that underwrite a public offering for their services.
Underwriting CommissionUnderwriting Commission
The fee investment bankers charge for underwriting a security issue.
All or none underwritingAll or none underwriting
An arrangement whereby a security issue is cancelled if the underwriter is unable to resell the entire issue.
Underwriting spreadUnderwriting spread
The income that is generated by the underwriting syndicate and the selling group, which is essentially the difference between the amount paid to the issuer of securities in a primary distribution and the public offering price.
Further SuggestionsFirm commitment underwriting