What is 'Reallowance'
In securities underwriting, the fee that the underwriting group pays to a securities firm that is not part of the syndicate, but...
Socialism is a political and economic system that is based on collective or public ownership of the production means. Unlike capitalism, socialism lays emphasis...
What is 'Backstop Purchaser' An entity that agrees to purchase all the remaining, unsubscribed securities from a rights offering. The backstop purchaser...