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Banking

Major Bracket

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

Bracketing

The order of appearance of underwriters' names in a securities offering. Bracketing is typically based on a given factor: particularly,...

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...

Spread Load Contractual Plan

An alternative method of collecting the sales fees or loads (typically, annual) for a mutual fund in a series of...

Level Load Fund

A type of mutual fund in which the load (loading charges or participation fee) is paid on an recurring basis....

Level Load

A recurring, annual sales fee (load) that is charged on holdings of level load funds (class C shares of a...

Load Spread Option

An alternative method of collecting the sales fees or loads (typically, annual) for a mutual fund in a series of...

Pooled Income Fund

An income fund that is operated by a charitable organization by means of pooling donated investments that are obtained as...