Advertising

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
 

<< Undiversifiable risk Unearned income >>

Getting Your Finances Ready for Your Golden Years: If you're seriously considering retirement, you also should be seriously thinking about how to ensure that your financial life is as comfortable and stress-free as possible. Here are a few tips. More...

Do not let yourselves be discouraged or embittered by the smallness of the success you are likely to achieve in trying to make life better. You certainly would not be able, in a single generation, to create an earthly paradise. Who could expect that? But, if you make life ever so little better, you will have done splendidly, and your lives will have been worthwhile. - Arnold Toynbee

Advertising



Copyright 2009-2019 GVC. All rights reserved.