lead underwriter

lead underwriter definition - business

lead underwriter

The main underwriter of a new security issue. The lead underwriter forms a distribution system to sell the security issue and is generally responsible for the largest part of the offering. Also called bookrunner, house of issue, managing underwriter.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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