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
Fast Automated Securities Transfer (FAST)
Program of Depository Trust Company (DTC) with a goal of reducing certificate movement by having bond certificates held by FAST transfer agents rather than by DTC.