A securities broker or dealer that purchases bonds from an issuer and resells them to investors.
The difference between the amount an Underwriter pays the Issuer for the Bonds at the Closing (i.e., the purchase price) and the price at which the Underwriter sells the Bonds to the public (i.e., the Issue Price). The Underwriter’s Discount is treated as a Cost of Issuance.
Expenses paid by or on behalf of the Issuer or a conduit borrower which are directly related to the issuance and sale of the bonds.
A term defined in the Code and generally meaning, depending on the context, the dollar price at which a maturity of a bond issue or all of the bond issue was offered to the public by the underwriter.