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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...

Best Effort

An underwriting agreement in which the investment bank serves as agent in selling stock on behalf of the issuer. That...

Buy Side

An informal term for the institutional investors on the New York Stock Exchange (NYSE). In general, it refers to the...

Break Issue

An initial public offering (IPO) in which the security falls in price (i.e., sells below the IPO price) on the...

Broken IPO

An initial public offering (IPO) in which the security falls in price (i.e., sells below the IPO price) on the...

Public Shell

A company that has shareholders but has no minimal assets on its balance sheet and doesn't achieve a minimal amount...

Public Shell Company

A company that has shareholders but has no minimal assets on its balance sheet and doesn't achieve a minimal amount...

Secondary Equity Offering

An equity issue by a firm that already has common stock outstanding (i.e., that is already listed), regardless of whether...

Secondary Distribution

An issuance of securities by a company that already has had an initial public offering (IPO). It involves the sale...

Angel Investing

Investment in a venture enterprise that is financed by capital contributions from independent, wealthy investors. Those investors provide capital in...