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Underwrite

• To guarantee, as to guarantee the issuer of securities a specified price by entering into a purchase and sale agreement. To bring securities to market.

 
 Embedded terms in definition
 Issuer
Market
Purchase and sale
Purchase
Sale
Securities
 
 Referenced Terms
 Best efforts basis: Securities dealers do not Underwrite a new issue, but sell it on the basis of what can be sold. In the money market, this usually refers to a firm order to buy or sell a given amount of securities or currency at the best price that can be found over a given period of time; it can also refer to a flexible amount (up to a limit) at a given rate.

 Glass steagall act: A 1933 act in which Congress forbade commercial banks to own, Underwrite, or deal in corporate stock and corporate bonds.A 1933 act in which Congress forbade commercial banks to own, Underwrite, or deal in corporate stock and corporate bonds.Glass-Steagall Act separates commercial banking and securities-underwriting activities.

 Glass steagall act: A 1933 act in which Congress forbade commercial banks to own, Underwrite, or deal in corporate stock and corporate bonds.A 1933 act in which Congress forbade commercial banks to own, Underwrite, or deal in corporate stock and corporate bonds.Glass-Steagall Act separates commercial banking and securities-underwriting activities.

 Psa: Is the Public Securities Association. It is an association of banks, brokers, and dealers who Underwrite or sell bonds. These bonds include: U.S. treasuries, agencies, municipals, and mortgage backed securities. In particular, this organization sets standards and practices for the mortgage backed market. Among these standards are the PSA Prepayment Models and assumptions.

 Syndicate: A group of banks that acts jointly, on a temporary basis, to loan money in a bank credit (syndicated credit) or to Underwrite a new issue of bonds.

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