The number of securities assigned to each of the participants in an underwriting syndicate.

Investing Essentials

Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Working order

Standing order in the marketplace, through which a broker bids or offers to fill the order in a series of lots at opportune times in hopes of obtaining the best price.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!

Create your free portfolio