book runner


The primary underwriter in debt and equity deals. The book runner works with other firms who will also take part in the deal, allowing for the sharing of risks. For example, a large leveraged buyout might involve several companies, with one company that is responsible for "running" or handling the books.
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
book profit book running manager