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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
 

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