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Finance Dictionary and Glossary of Investment Terms
Bought deal
Definition 1.
Security issue in which one or two underwriters buy the entire issue.
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Definition 2.
A new share issue in which an underwriter purchases the entire issue to resell to investors.
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Definition 3.
An offering in which the underwriter (or syndicate) buys all the shares and resells them. When the underwriter's) are willing to take this risk it is a sign that they have a high degree of confidence in the issue's success.
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