Bridge financing definition
Bridge financing is a type of financing (source of capital) which is given for a specified and limited time period (temporary is the key word here), until the company that receives it secures a more permanent and stable form of financing. Therefore bridge financing acts as a “bridge” between now and the more [...]
Underwriting and book runner
Book runner is a function performed during the underwriting of a new security issue.
Book runner is a person (or usually a financial institution) who takes care for the book – the register of all securities already underwritten.
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