Bracket
A term signifying the extent of an underwriter's commitment in a new issue, e.g., major bracket or minor bracket.
Sponsor
An underwritinginvestmentcompany that offers shares in its mutual funds, or an influential institution that highly values a particular security and thus creates additional demand for the security. In the context of project financing, a developer of the project or a party poviding financial support.
Closed-end mortgage
Mortgage against which no additional debt may be issued.
Mark Berch:Research department
The office in an institutional investing organizations that analyzes markets and securities.
Percentage financial statement
Balance sheet and income statement represented as percentages.
Copenhagen Stock Exchange
The only securitiesexchange in Denmark. It features electronic trading of stocks, bonds, futures, and options. Mark Berch
Exchange distribution
A sale on an exchangefloor of a large block of stock in a single transaction. A brokerbunches a large number of buy orders and sells the block all at once. The broker receives a special commission from the seller.
