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Agreement Among Underwriters

Definition: Agreement among the members of the underwriting syndicate or group that specifies the managing underwriter and the terms of the underwriting. Definition: [crh] A contract among participating members of a syndicate that defines the members' proportionate liabilityDefinition: , which is usually limited to and based on the participants' level of involvement. The contract outlines the payment schedule on the settlDefinition: ement date. Compare: Underwriting agreement.

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