A syndicate can best be defined as a:

Question

Quizplus · Accepted Answer

A syndicate is a group of underwriters who come together to share the risk and responsibility of selling a new issue of securities, such as stocks or bonds. They work together to ensure that the securities are properly priced, marketed, and distributed, and to maximize the profits for all members of the syndicate. This type of collaboration is common in the financial industry, particularly for large or complex offerings. The other options (A, B, C, and D) do not accurately describe the concept of a syndicate.

A Syndicate Can Best Be Defined as A