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Undivided account

• Refers to a new issue underwriting whereby each member is responsible to distribute her allocated portion of the deal. After the member sells her portion, her liability remains with regard to the syndicate if there is remaining inventory. This compares to a Divided Account.

 
 Embedded terms in definition
 Divided account
Inventory
Issue
Liability
Member
New issue
Syndicate
Underwriting
 
 Related Terms
 

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