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Finance Glossary - SEBI

Finance Glossary - SEBI

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Sebi's finance glossary.
Sebi's finance glossary.

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Published by: Balaji.S (ACA) Srirangam on Feb 23, 2010
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01/18/2013

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One who does underwriting. A financial organization that handles sales of new securities which a
company or municipality wishes to sell in order to raise money. Typically the underwriters will guarantee
subscription to securities say, an issue of equity from the company at a stated price, and are under an
obligation to purchase securities upto the amount they have underwritten, should the public not subscribe
for the issue.

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