Circle - Underwriters, actual or potential, often seek out and circle investor interest in a new issue before final pricing. The customer circled basically made a commitment to purchase the issue if it comes at an agreed-upon price. If the actual price is other than that stipulated, the customer supposedly has first offer at the actual price.
Circle : underwriters, actual or potential, often seek out and circle investor interest in a new issue before final pricing. the customer circled basically made a commitment to purchase the issue if it comes at an agreed-upon price. if the actual price is other than that stipulated, the customer supposedly has first offer at the actual price.