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 Substitute Sale:
- Examples A method for hedging price risk that uses debt market instruments, such as interest rate futures, or that involves selling borrowed securities as the primary assets severally but not jointly definition.
- Definition Securities Act Of 1933:
- Examples First law designed to regulate securities markets, requiring registration of securities and disclosure severally but not jointly explain.
- Definition Sector Rotation:
- Examples An active asset management strategy certain sectors, that tactically overweights and underweights depending on expected performance. Sometimes called rotation severally but not jointly what is.
- Definition Subordinated Debt:
- Examples Debt over which senior debt takes priority. In the event of bankruptcy, subordinated debtholders receive payment only after senior debt claims are paid in full severally but not jointly meaning.
- Definition Statutory Investment:
- Examples An investment that a trustee is authorized to make under state law severally but not jointly abbreviation.
