Jointly and severally

Definition: [crh] Municipal bond underwriting in which the account is undivided and syndicateDefinition: members are responsible for unsold bonds in proportion to their participation, regardless of how many bonds they may have already sold. A firm wiDefinition: th 20% of the account is responsible for selling 20% of the unsold bonds even if has already sold 25% of the total debt Definition: HREF="/?rd=issue">issue, for example. See: Severally but not jointly.

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