Investments glossary

Undivided Account

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There is no moral middle ground. Indifference is not an option. ... For the sake of our children, I implore each of you to be unyielding and inflexible in your opposition to drugs.

— Oliver L. North

An undivided account, or eastern account, is an offering of a new issue in which underwriters are jointly and severally responsible for placing the total offering. Each underwriting firm is liable for placing unsold portions of the issue from other underwriters.

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