Bracket


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Bracket

A term signifying the extent of an underwriter's commitment in a new issue, e.g., major bracket or minor bracket.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Bracket

A group of underwriters responsible for placing a certain amount of a new issue with investors. Brackets are arranged in a hierarchy, which indicates how much of an issue each bracket is placing with respect to the others. The brackets are called, from largest to smallest: bulge bracket, major bracket, minor bracket, underwriter, selling group. The second largest bracket is sometimes called the mezzanine bracket. Brackets are listed in order of size on an advertisement detailing each new issue, known as the tombstone.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
For men in the 35-to-44 bracket, 54 percent are willing while 27 were not.
To be perfectly clear, these are the tax brackets for the 2019 tax year, which is the tax return you'll file in 2020.
There is no study in literature which is done elusively on canine brackets. The purpose of this study was to measure bracket slot tolerance of maxillary canine brackets.
Following data were extracted from the included studies: author(s), year of publication, study design, bonding technique used, total number of brackets used, number and incidence of bracket failure, and conclusions.
Brackets must be received by Thursday, March 15, 2018, 30 minutes before first tipoff.
Bracket SMS allows for reminders to be sent direct to patient mobile phones when they've opted in to the service.
Bracket G was sealed by Adrian Agcamaran with an almost perfect time.
long from which you can cut the two brackets (Photo 2).
Meanwhile, the overall pattern for low calorie claims turned out to be fairly closely matched to the overall pattern for food launches by calorie bracket, with more claims appearing in those brackets that represented a greater proportion of total launches.
A new bracket technology suitable for use in hydraulic and fuel brackets for the wings, centre box and fuel tanks of aircraft can result in significant weight reduction of at least 40% compared to metals.