buying syndicate. A group of investment bankers who share the risk in underwriting a securities issue.
syndicate
syndicate (sin-di-kit), n. A group organized for a common purpose; esp., an association formed to promote a common interest, carry out a particular business transaction, or (in a negative sense) organize criminal enterprises. See ORGANIZED CRIME. — syndicate (sin-di-kayt), vb. — syndication (sin-di-kay-sh[schwa]n), n. — syndicator (sin-di-kay-t[schwa]r), n.