Fee charged by a syndicate, equal to the difference between the gross sales to investors and the net proceeds received by the issuer.
The income that is generated by the underwriting syndicate and the selling group, which is essentially the difference between the amount paid to the issuer of securities in a primary distribution and the public offering price.
The difference between what an underwriter pays for a securities issue, and the price at which he offers it to the public. (See underwriter)
The spread between the amount received by underwriters from the public offering price and the amount underwriters pay to the issuing company for the securities.