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单词 undivided account
释义

undivided account

Definition
New-issue underwriting syndication in which each member of the syndicate has dual liability: to sell (1) the percentage of the issue it underwrote, and (2) the same percentage of the issue remaining unsold due to the failure of other member(s) to sell the percentage they underwrote. Also called eastern account. See also divided account.
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更新时间:2025/4/16 20:01:33