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Investment banking

Of or relating to the business of underwriting, or acting as the client's agent, in the issuance of securities in order to assist an individual, commercial enterprise, corporation or government instution ro raise capital.

Contributors in Investment banking

Investment banking

house bank

Banking; Investment banking

Bank with which a company transacts the major part of its business.

conversion ratio

Banking; Investment banking

Number of shares which can be acquired for each convertible bond.

non-investment grade

Banking; Investment banking

Also: high yield. Broad term for all credit ratings below BBB, signifying that the security is speculative in nature. See also investment grade.

commission

Banking; Investment banking

Compensation paid for work performed, generally based on the volume of the transaction or expressed as a percentage of the profit. See also bank commission.

joint and several guarantee

Banking; Investment banking

Guarantee, under the terms of which the guarantor can be ordered to pay prior to the principal debtor and prior to the realization of the real estate mortgages if the principal debtor is in arrears ...

overdraw

Banking; Investment banking

To draw in excess of the deposit balance or credit limit. See also overdraft.

place of payment

Banking; Investment banking

Also: place of performance. Place where the debtor is to fulfil his/her obligation to pay.

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