Correspondent

Definition

A financial organization that performs services (acts as an intermediary) in a market for another organization that does not have access to that market.

Investing Essentials

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


Term of the Day

Managing underwriter
The leading firm in an underwriting group, which originates the deal and acts as an agent for the group.

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