divided account |
|
Definition
New-issue underwriting syndication in which each member of the syndicate is liable only for the sale of the percentage of the issue it underwrote. Also called western account. See also undivided account.
email to a friend
print this definition
cite this definition
link to this page
divided account is in the Banking, Commerce & Finance and Securities & Futures Trading subjects.
divided account appears in the definition of the following term: western account
This content can be found on the following page:
http://www.businessdictionary.com/definition/divided-account.html