Business / Taxes / Gross Spread: In an initial public offering (IPO), the gross spread is the difference between what the underwriters pay the issuing company per share and the per share price that investors pay. It's usually about 7%. For example, if a stock is to be offered to the public at $10 a share, the underwriters may pay the issuing company around $9.30 per share. With millions of shares being sold, the 70 cents per share adds up to millions of dollars for the investment bank.
Gross Noun Synonyms: fat, obese, corpulent, overweight, big, large, bulky, great, heavy, ponderous, massive, cumbersome, unwieldy
Gross Verb Synonyms: total, aggregate, entire, pre-tax, (all-)inclusive, overall, whole
Gross Adjective Synonyms: coarse, vulgar, crude, unsophisticated, uncultured, uncultivated, earthy, crass, indelicate, indecent, inappropriate, unseemly, improper, unrefined, bawdy, ribald, Rabelaisian, raw, rude, offensive, obscene, lewd, dirty, smutty, pornographic, filthy
Spread Noun Synonyms: grow, develop, increase, broaden, expand, extend, widen, enlarge, mushroom, proliferate, sprawl, branch out, metastasize
Business / Finance / Narrowing The Spread: Reducing the difference between the bid and ask prices of a security. MORE
Business / Finance / NOB Spread: Notes over bonds spread. This is the difference in yield between Treasury notes (maturing in 2 to 10 years) and Treasury bonds (maturing in 15 or more years), which is traded using Treasury note and b MORE
Business / Taxes / Modified Adjusted Gross Income (MAGI): Your modified adjusted gross income (MAGI) is your adjusted gross income (AGI) plus deductions, such as college loan interest and contributions to a deductible individual retirement account (IRA), whi MORE