Definition of Syndicate

Syndicate is a group of underwriters responsible for underwriting a new issue.

Applying "Syndicate" to Securities Exams:

A group of broker dealers will often form a syndicate to share the risk and responsiblity of marketing a new issue of securities. All syndicate members will sign the syndicate agreement detailing the roles and repsonabilites of all syndicate members.

Preparing for an Exam?

Receive 15% off all your Securities Exam Prep materials

Please wait....