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Finance Dictionary and Glossary of Investment Terms
A tier of firms in an underwriting syndicate that have the highest participation level. See: Mezzanine bracket.
The group of firms in an underwriting syndicate who sold the largest amount of the issue.
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.