syndicate

Definitions (2)

1. A group of investment banks which jointly underwrite and distribute a new security offering. also called underwriting group or purchase group or banking syndicate or investment banking syndicate or distributing syndicate.
2. A group of investors who act together when investing in a company.

Use syndicate in a sentence

They were a syndicate bank and that meant that they would underwrite and distribute new security offerings to different places.

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Bruce used a syndicate to fund his newest investment. While he would have rather had only one investor to deal with, the syndicate provided more wealth.

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When our company wanted to acquire a much bigger company, we could not get financing from one bank, but had to go to a syndicate of banks that agreed to spread out the risk.

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