| 单词 | BREAKING SYNDICATE |
| 释义 | The process of disbanding the group of UNDERWRITERS involved in pricing, marketing, and distributing a NEW ISSUE of securities. Once the SYNDICATE is broken the underwriters are free to trade securities in the SECONDARY MARKET without restriction. A typical syndicate is broken 30 days after initial launch, though it can be broken earlier by mutual agreement of the underwriters. |
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