6 Terms
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General Finance
Industry: Financial services
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General Finance
underwriting agreement
Financial services; General Finance
The contract between a corporation issuing new publicly offered securities and the managing underwriter as agent for the underwriting group. Compare to agreement among underwriters.
World Equity Benchmark Series (WEBS)
Financial services; General Finance
The World Equity Benchmark Series are similar to SPDRs. WEBS trade on the AMEX, and track the Morgan Stanley Capital International (MSCI) country indexes. WEBS are available for: Australia, Austria, ...
surplus funds
Financial services; General Finance
Cash flow available after payment of taxes in a project.
underwithholding
Financial services; General Finance
When a taxpayer has withheld too little tax from salary and will therefore owe tax when filing a return.
workout
Financial services; General Finance
Informal repayment or loan forgiveness arrangement between a borrower and creditors.
split commission
Financial services; General Finance
A commission shared between a broker and a financial adviser or other professional who brought the customer to the broker.
underwrite
Financial services; General Finance
To guarantee, as to guarantee the issuer of securities a specified price by entering into a purchase and sale agreement. To bring securities to market.
