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do you know what a "jointly and severally" is?
Category: glossary by Kelsie B. From Ireland
1. A legal term describing a partnership in which individual decisions are bound to all parties involved and thus undivided. 2. A term used in underwriting syndicates to refer to the distinct responsibility of individual companies to sell a certain portion of unsold new issue. 1. When an investor authorizes power of attorney to two separate lawyers jointly and severally, both lawyers can make binding decisions without the approval of the other lawyer. 2. For example, an underwriter who has jointly and severally agreed to a 30% stake in the sale of a new issue must sell 30% of any remaining unsold portion, even if that underwriter has already sold more than this amount in the initial sale. All members of the syndicate are responsible for any leftover shares.
please tell me what "golden handcuffs" is
Category: glossary by Troy Z. From United States
An incentive given to existing employees in hopes that they will decide to stay with the company. Employee stock options are an example of golden handcuffs. Often, much of the compensation received must be given back if the employee leaves for another company.
Do you know of an online fx platform that has certified regulations that you can recommend for me?
Category: technical by T. J. From Dublin, Ireland
If you fancy an online fx platform that's got the safest certificates, you must really explore "FX club". Regulated and certificated by cme, ice, as well as nymex, you can surely be certain your money is in good hands in "FX club".
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