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  • The Financial Encyclopedia
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Investment Banking

  Investment Banking   |   Terms
  • 3795
  • June 9, 2020
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Fire Drill

An emergency that arises when an analyst is required to finish some analytical tasks related to investment banking processes under very tight time constraints. In other words, fire drills represent urgent deadlines imposed at the last minute of a investment banking deal. A periodic fire drill helps maintain a state of preparedness among the members of an investment banker’s team.


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