Underwriter
A securities broker or dealer that purchases bonds from an issuer and resells them to investors.
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.
A securities broker or dealer that purchases bonds from an issuer and resells them to investors.
The period of time (often set forth in the tax certificate), during which a particular category of proceeds may be invested in higher yielding investments without the issue being treated as arbitrage bonds under Section 148 of the Code.