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Definition of 'Reallowance'
In securities underwriting, the fee that the underwriting group pays to a securities firm that isn't part of the syndicate, but who still sells shares in the offering.
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Investopedia explains 'Reallowance'
This is basically a commission levied by the underwriter.
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Search results for 'Reallowance'
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http://www.investopedia.com/exam-guide/series-7/securities-markets/secondary-shelf-distribution.asp
... to the selling group, an underwriter might still sell its own shares to a selling
group member at the full public share price minus a reallowance discount. ...
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