26 September 2015
DEFINITION of 'Book Runner' The main underwriter or lead manager in the issuance of new equity, debt or securities instruments. In investment banking, the book runner is the underwriting firm that "runs," or who is in charge, of the books.
26 September 2015
DEFINITION of 'Underwriting' 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt).
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