Glossary
| Underpricing | Issuing securities at less than their market value. |
| Underwriter | An investment bank that agrees to purchase a new issue of securities from an issuer and distribute it to investors, making a profit on the fees charged for this service. |
| Underwriting Agreement |
The contract between a corporation issuing new publicly offered securities and the managing underwriter as agent for the underwriting group. Compare to agreement among underwriters. |
| Unlisted Security | A security not listed on an exchange. |
