Business / Taxes / Syndicate: When a group of investment banks works together to underwrite and distribute a new security issue, they are acting as a syndicate. Syndicates are temporary, forming to purchase the securities from the issuer and dissolving once the issue is distributed. However, new syndicates, involving some or all of the same banks, form on a regular basis to underwrite each new issue. You may also hear these underwriting syndicates called purchase groups, underwriting groups, or distributing syndicates. In other financial contexts, syndicate may refer to any group of financial institutions that works together on a particular project. Syndicate also describes a group of investors who make a joint investment in a company.
Syndicate Noun Synonyms: trust, monopoly, bloc, cartel, syndication
Syndicate Adjective Synonyms: serialize, distribute
Technology / Television (TV) / Syndicated Program: A program that is produced for national distribution, but which is shown on individual local stations rather than on a national network is called a syndicated program. These programs may be sponsored MORE
Business / Finance / Underwriting Syndicate: 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 MORE