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Penalty bid

• Refers to a syndicate's effort to support or stabilize the price of the newly issued security. This activity is executed at or below the initial offering price.

 
 Embedded terms in definition
 Security
Support
 
 Related Terms
 Bid
Bid asked spread
Bid form
Bid price
Competitive bid
Dutch auction bid
Fixed price tender bid
Noncompetitive bid
Prepayment penalty

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Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

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