underwriting
underwriting
Finance dictionary of financial terms
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Economics and finance
Definition of underwriting
underwriting: The process in which an investment dealer buys a security issue from the issuing firm at a lower price than that for which he or she plans to sell it, thereby guaranteeing the issuer a specified amount from the issue and assuming the risk of price changes between the time of purchase and the time of sale. Through this process new financial securities are created in the primary market.
Source : http://foba.lakeheadu.ca/hartviksen/2039/Finance%20Dictionary.doc
link: http://foba.lakeheadu.ca/
Author : not indicated on the source document of the above text
Finance dictionary of financial terms
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Definition and meaning of underwriting
Meaning of underwriting
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