Underwriter
91General average/New version — Average in maritime commerce to signify damages orexpenses resulting from the accidents of navigation. Average is either general or particular. General average arises when sacrifices have been made, or expenditures incurred, for the preservation… …
92Bond Purchase Agreement — A legally binding document between a bond issuer and an underwriter establishing the terms of a bond sale. The terms of a bond purchase agreement will include sale conditions, sale price, bond interest rate, bond maturity, bond redemption… …
93Initial public offering — (IPO), also referred to simply as a public offering , is when a company issues common stock or shares to the public for the first time. They are often issued by smaller, younger companies seeking capital to expand, but can also be done by large… …
94Bought deal — A bought deal occurs when an underwriter, such as an investment bank or a syndicate, purchases securities from an issuer before selling them to the public. The investment bank (or underwriter) acts as rather than and thus actually goes long in… …
95Reverse Greenshoe — A Reverse Greenshoe is a special provision in an IPO prospectus, which allows underwriters to sell shares back to the issuer. If a regular greenshoe option is, in fact, a call option written by the issuer for the underwriters, a reverse greenshoe …
96Best Efforts — An agreement in which an underwriter promises to make a full fledged attempt to sell as much of an initial public offering as possible to the public. Best effort agreements are used mainly for securities with higher risk, such as unseasoned… …
97Underwriting Risk — The risk of loss borne by an underwriter. Underwriting risk generally refers to the risk of loss on underwriting activity in the insurance or securities industries. In insurance, underwriting risk may either arise from an inaccurate assessment of …
98Undivided Account — An underwriting system in which each underwriter in the group is responsible not only for selling its alloted amount of the new issue but also for selling any excess issue not sold by the underwriting group as a whole. This is also referred to as …
99Kevin M. Quinley — (born 4 September 1954) is an authority on insurance liability claim practices, adjuster productivity and litigation management. Quinley earned a B.A. at Wake Forest University and an M.A. in Government from the College of William Mary. From 1977 …
100The American College (Bryn Mawr, PA) — The American College is a nonprofit private educational institution located in Bryn Mawr, Pennsylvania. It offers several professional certifications and two types of Master s degree. Annually, The American College educates approximately 40,000… …
