Underwriter(s)

Definition:

In the United States, bank(s) that purchase securities from a company and resell them to the public on that company’s behalf. In addition, the term, which is defined in Section 2(a)(11), of the Securities Act is relevant to the ability of affiliates and others to sell restricted securities under Rule 144A. Section 2(a)(11) of the Securities Act states that an underwriter is “any person who has purchased a security from an issuer or a controlling person of an issuer with a view to distributing the security.”

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