Managing underwriter
The leading firm in an underwriting group, which originates the deal and acts as an agent for the group.
Floating Rate
Interest rate that is reset periodically, usually every couple of months or sometimes daily.
Syndication
The selling of a project finance to a group of prospective participants, the syndicate.
Mark Berch:Joint tenants with right of survivorship
In the case of a joint account, on the death of one account holder, ownership of the account assets is transferred to the remaining account holder or holders.
Greater fool theory
An investment notion that even when a stock is fully valued by conventional standards, there is room for upward movement because there are enough buyers to push prices farther upward purely on speculation or hype.
B2B
An Internet strategy of dealing directly with businesses, rather than consumers, i.e. business to (2) business. Mark Berch
Deferred charge
An expenditure treated as an asset that carries forward until it becomes pertinent to the business at hand, e.g., the underwriting fees on a corporate bond issue, which the corporation capitalizes as a deferred charge and then amortizes over the life of the bond issue.
