BOUGHT DEAL
\bˈɔːt dˈiːl], \bˈɔːt dˈiːl], \b_ˈɔː_t d_ˈiː_l]\
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A NEW ISSUE of DEBT or EQUITY securities where the LEAD MANAGER and participating UNDERWRITERS commit to purchasing the entire block and then distributing through their own investor bases. The issuer is guaranteed a set amount of funds, regardless of the UNDERWRITERS
By Henry Campbell Black
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dust storm
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