• A group of investment dealers who buy the security issue from the company and then resell it to investors (savers). Each member of the group will underwrite a portion of a large security issue, thus lessening the risk of loss to any single firm.
• 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.
What Happens If a Bank Fails?: How the FDIC protects depositors, including providing quick access to insured funds. More...
If you have an important point to make, don't try to be subtle or clever. Use a pile driver. Hit the point once. Then come back and hit it again. Then hit it a third time - a tremendous whack. - Winston Churchill, Sir (1874-1965)