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
Investor Letter
A letter from a purchaser of bonds in a private placement typically acknowledging any transfer restrictions applicable to the bonds and attesting to the purchaser’s eligibility to purchase the bonds.