TAKE-UP FEE


Meaning of TAKE-UP FEE in English

A fee paid to an underwriter in connection with an underwritten rights offering or an underwritten forced conversion . Represents compensation for each share of common stock the underwriter obtains and must resell upon the exercise of rights or conversion of bonds .

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.