Underwriter
A securities broker or dealer that purchases bonds from an issuer and resells them to investors.
bond-basics
Commission
A form of remuneration received by a broker, dealer or dealer bank purchasing or selling Bonds when acting as agent for a customer. The Commission is typically a charge to the customer of a set fee per Bond.
See Also
Start with the Bond Basics
Hundreds of Terms and Concepts
Closing
The date of delivery of a new issue of bonds, at which time the issuer delivers the bonds and the requisite legal documents to the underwriter or other bond purchaser in exchange for the purchase price.