Jointly And Severally

Business / Finance / Jointly And Severally: Municipal bond underwriting in which the account is undivided and syndicate members are responsible for unsold bonds in proportion to their participation, regardless of how many bonds they may have already sold. A firm with 20% of the account is responsible for selling 20% of the unsold bonds even if has already sold 25% of the total debt issue, for example. See: Severally but not jointly.

Propaganda

Entertainment / Literature / Propaganda: In its original use, the term referred to a committee of cardinals the Roman Catholic church founded in 1622 (the Congregatio de propaganda fide). This group established specific educational materials MORE

Profit and Loss Statement (P and L)

Business / Finance / Profit and Loss Statement (P and L): Another term for the income statement. MORE

Property Plant And Equipment

Business / Accounting / Property Plant And Equipment: Tangible, long-lived assets acquired for use in business operations: includes land, buildings, machinery, equipment, and furniture. MORE

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