Glossary of Municipal Securities Terms

POLLING THE ACCOUNT

The practice by the lead manager of an underwriting syndicate of contacting and seeking the vote of members of a syndicate in connection with various questions that might arise concerning syndicate operations (e.g., whether the account should be extended or terminated, how bids for bonds at other than listed offering prices should be handled). Members’ votes are usually weighted by their percentage participation in the underwriting. See: SYNDICATE.

Search the Glossary

 

Browse Terms by Letter