Underwriting Syndicate
/ˈʌndərˌraɪtɪŋ ˈsɪndɪkət/
Definitions
- (n.) A group of investment banks and brokers who collectively take on the risk of distributing securities during an offering.
The underwriting syndicate agreed to buy the entire issuance of the corporation's new shares.
- (n.) In insurance, a coalition of insurers sharing the risk of a large policy.
The underwriting syndicate collectively underwrote the high-value maritime insurance policy.
Forms
- underwriting syndicate
- underwriting syndicates
Related terms
See also
Commentary
In legal contexts, distinguishing underwriting syndicates by their function in securities versus insurance is important; precise drafting should reflect the industry context.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.