The portion of a stock or bond issue that investment bankers return to the underwriter so the portion can be sold to institutional investors.


Depending upon the issue and the size of the pot, it may be very lucrative for the underwriter to sell inventory to institutional investors.

  1. Pot Is Clean

    A slang phrase referring to a situation in which an underwriter ...
  2. Institutional Investor

    A non-bank person or organization that trades securities in large ...
  3. Placement

    The sale of securities to a small number of private investors ...
  4. Underwriting

    1. The process by which investment bankers raise investment capital ...
  5. Investment Banking

    A specific division of banking related to the creation of capital ...
  6. Investment Banker

    Someone working at an institution raising capital for companies, ...
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