underwriting agreement definition

underwriting agreement

Securities-purchase contract between an underwriter or underwriting syndicate and an issuer of bonds or shares. Among other terms, it specifies the price at which the security will be offered to the public (public offering price), underwriter's profit margin (underwriting spread), and the date by which the payments must be settled (settlement date).

underwriting agreement is in the Banking, Commerce & Finance, Investing and Securities & Futures Trading subjects.

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