all-or-none underwriting

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16:55 Apr 15, 2011
English to Urdu translations [PRO]
Bus/Financial - Law: Contract(s)
Additional field(s): Finance (general)
English term or phrase: all-or-none underwriting
Definition from The Free Dictionary:
An arrangement whereby a security issue is cancelled if the underwriter is unable to resell the entire issue.

Example sentence(s):
  • All or none underwriting allows the issuing corporation to contract for the sale of all shares. If any shares remain at the end of the underwriting process, the underwriting is cancelled. Underwriters cannot deceive investors by stating that all of the securities in the underwriting have been sold if it is not true. Investopedia
  • The Board is of the view that an initial "when, as and if issued" confirmation of a transaction in a security which is the subject of an "all or none" underwriting may be sent out prior to the time a formal bond purchase agreement is executed. Municipal Securities Rulemaking Board
  • There is one last variation. That is called an 'All Or None Underwriting'. Under this type of underwriting the underwriter agrees to do his best to sell the entire issue by a certain date. All of the proceeds go into an escrow account. If the securities are not all sold by the certain date, the money is returned to the purchasers and the issue is canceled. Initial Public Stock Offering
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Summary of translations provided
5This clause is related to investment banking and gives securities issuer a right to cancel an issue.
Tahira Rafiq


Discussion entries: 2





  

Translations offered


392 days   confidence: Answerer confidence 5/5
This clause is related to investment banking and gives securities issuer a right to cancel an issue.


Definition from own experience or research:
"An all-or-none underwriting or AON is a term most notably used in financial transactions in investment banking or securities transactions."

Example sentence(s):
  • Investment banking utilizes the all-or-none underwriting clause in the investment prospectus. - wikipedia 

Explanation:
This perticular clause grants securities issuer the right to cancel an issue in its entirety if the underwriting is not fully subscribed.
Tahira Rafiq
United States
Local time: 10:43
Native speaker of: Native in PunjabiPunjabi, Native in UrduUrdu
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