Meaning SEVERALLY BUT NOT JOINTLY: An agreement between members of an underwriting group buy a new issue (severally), but not to assume joint liability for shares left unsold by other members
More terms such as Severally but not jointly in Dictionary S.
- Definition Steady State:
- Examples As an MBS pool ages, or four to six months after component mortgages have passed at least once the threshold for refinancing, the prepayment speed tends to stabilize within a fairly steady range severally but not jointly definition.
- Definition Subrogation:
- Examples An insurance process whereby a company that has paid out to a policyholder for a loss incurred recovers the amount of the loss from the party that is legally liable severally but not jointly explain.
- Definition Serial Redemption:
- Examples The redemption of a serial bond severally but not jointly what is.
- Definition Standard Deduction:
- Examples The IRS-specified amount by which a taxpayer is entitled to reduce income an alternative to itemizing deductions severally but not jointly meaning.
- Definition Structured Debt:
- Examples Debt that has been customized for the buyer, often by incorporating unusual options severally but not jointly abbreviation.
