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Divided account

• Refers to a new issue underwriting whereby each member is responsible to distribute his allocated portion of the deal. After the member sells his portion, his liability ceases with regard to the syndicate. This compares to an Undivided Account.

 
 Embedded terms in definition
 Issue
Liability
Member
New issue
Syndicate
Underwriting
Undivided account
 
 Related Terms
 

<< Divestiture Dividend >>

Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

Who controls the past controls the future. Who controls the present controls the past. -George Orwell

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