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Accounting
Banking

Control Stock

The ownership of a sufficient number of stocks by one stockholder or a company in order to obtain a control/...

Minor Bracket

The listing of the junior underwriters in a securities offering. The names of junior underwriters appear immediately under the names...

Major Bracket

The listing of the primary underwriters in a securities offering. The names of primary or major underwriters appear immediately under...

LoC

It stands for letter of comfort; a final statement that a certified public accountant (accounting firm) issues to the underwriters,...

Letter of Comfort

A final statement that a certified public accountant (accounting firm) issues to the underwriters, declaring no indication of false or...

Comfort Letter

A final statement that a certified public accountant (accounting firm) issues to the underwriters, declaring no indication of false or...

Back-Door Registration

A method of going public by merging with a public shell company. An unlisted company can become publicly traded through...

Bought Deal

A firm commitment by an underwriter (investment bank) to buy, at a fixed price, all of the shares offered by...

Bookrunning Manager

The underwriter (investment bank) that is in charge of, and has ultimate control on, an initial public offering (IPO). The...

Lead Underwriter

The underwriter (investment bank) that is in charge of, and has ultimate control on, an initial public offering (IPO). The...