BOUGHT DEAL
\bˈɔːt dˈiːl], \bˈɔːt dˈiːl], \b_ˈɔː_t d_ˈiː_l]\
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A NEW ISSUE of DEBT or EQUITY securities where the LEAD MANAGER and participating UNDERWRITERS commit to purchasing the entire block and then distributing through their own investor bases. The issuer is guaranteed a set amount of funds, regardless of the UNDERWRITERS
By Henry Campbell Black
Word of the day
basidiomycota
- comprises fungi bearing the spores on basidium: Gasteromycetes (puffballs); Tiliomycetes (comprising orders Ustilaginales (smuts) and Uredinales (rusts)); Hymenomycetes (mushrooms; toadstools; agarics; bracket fungi); in some classification systems considered a division of kingdom comprises fungi bearing spores on a basidium; includes Gasteromycetes (puffballs) Tiliomycetes comprising the orders Ustilaginales (smuts) and Uredinales (rusts) Hymenomycetes (mushrooms, toadstools, agarics bracket fungi).