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Finance Dictionary and Glossary of Investment Terms
Bulge bracket
Definition 1.
A tier of firms in an underwriting syndicate that have the highest participation level. See: Mezzanine bracket.
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Definition 2.
The group of firms in an underwriting syndicate who sold the largest amount of the issue.
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Definition 3.
The firms in an underwriting syndicate who were responsible for placing the largest amounts of the issue with investors. Since these firms are the most responsible for a security's successful issuance, their names appear first in the advertisement conveying the details of the security issue, called the tombstone.
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