Term of the Day - lead manager
For Monday, January 12, 2009
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Term of the Day - lead manager
The commercial or investment bank which has primary responsibility for organizing a given credit or bond issuance. This bank will find other lending organizations or underwriters to create the syndicate, negotiate terms with the issuer, and assess market conditions. also called syndicate manager, managing underwriter or lead underwriter.
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Quote of the Day
I'm 46 and I think the world is changing. [Priceline.com is] a great growth company with legs, not a fly by night start up. - Heidi Miller upon joining Priceline.com from her former post as CFO at Citigroup in February 2000. She resigned nine months later after the stock lost more than 90% of its value.
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