underwriting, n. 1. The act of assuming a risk by insuring it; the insurance of life or property. See INSURANCE. [Cases: Insurance 1515.] 2. The act of agreeing to buy all or part of a new issue of securities to be offered for public sale. [Cases: Securities Regulation 11.18, 60.31. C.J.S. Securities Regulation §§ 69, […]
buyout, n. The purchase of all or a controlling percentage of the assets or shares of a business. Cf. MERGER(8). — buy out, vb. leveraged buyout. The purchase of a publicly held corporation’s outstanding stock by its management or outside investors, financed mainly with funds borrowed from investment bankers or brokers and usu. secured by
underwriter. 1. INSURER. 2. One who buys stock from the issuer with an intent to resell it to the public; a person or entity, esp. an investment banker, who guarantees the sale of newly issued securities by purchasing all or part of the shares for resale to the public. [Cases: Securities Regulation 11.18, 60.31. C.J.S.
mutual fund 共同基金；互助基金 由投资公司或投资银行经营管理的基金。投资公司或投资银行一方面以发行股票的形式从基金股东处筹集投资资金，然后投资于各种股票、债券、期权契约、商品和货币管理市场。共同基金可以为投资者提供多样化和专业化投资管理的优势，每年按一定比例向股东收取基金管理费。共同基金的收益取决于其投资组合的盈利状况。严格意义上的共同基金是一种股份不定额的投资信托公司，即开放型投资信托公司；但在美国，则通常泛指任何投资公司。 (→investment company；investment banker；open-end investment company)
The purchase of a publicly held corporation’s outstanding stock by its management or outside investors, financed mainly with funds borrowed from investment bankers or brokers and usu. secured by the corporation’s assets. — Abbr. LBO. [Cases: Corporations 116. C.J.S. Corporations §§ 233–240, 242.]
L.abbr. 1. LAW(5). 2. LORD(1). 3. LOCUS. 4. LATIN. L. A measure of the money supply, including M3 items plus banker’s acceptances, T-bills, and similar long-term investments. See M3.