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Finance Dictionary and Glossary of Investment Terms
Agreement among underwriters
A contract amoung participating members of a syndicate that defines the members' proportionate liability, which is usually limited to and based on the participants' level of involvement. The contract outlines the payment schedule on the settlement date. Compare: Underwriting agreement.
A contract between members of a syndicate, appointing the originating investment bank as the lead underwriter, defining the members' proportionate liability, and authorizing the manager to allocate units to a selling group.