bulge bracket

Definition

The firms in an underwriting syndicate who were responsible for placing the largest amounts of the issue with investors. Since these firms are the most responsible for a security's successful issuance, their names appear first in the advertisement conveying the details of the security issue, called the tombstone.

Related Terms

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
bulge bracket