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Escape clauses

• Provisions in the underwriting agreement that allow the syndicate to not buy the issue from the organization if specific conditions exist.

 
 Embedded terms in definition
 Buy
Issue
Syndicate
Underwriting
 
 Related Terms
 Maintenance clauses

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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

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