See Also: Undivided account(finance)
undivided(dictionary)
undivided(dictionary)
UNDIVIDED(law)
Undivided(medicine)
Finance(money)
finance(encyclopedia)
FINANCE(finance)
BMW Finance N.V.(finance)
finance(2)(dictionary)

Undivided account (finance)


An underwriting system in which each underwriter in the group is responsible not only for selling its alloted amount of the new issue but also for selling any excess issue not sold by the underwriting group as a whole.