Word: underwritten
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Sales and Trading: Equity salesmen work with clients to reach the best investment decisions; they sell the bank's underwritten securities and other securities the bank holds on its books. In the US this might include common and preferred stock, options, and international stock. Fixed income is the area that includes corporate and municipal bonds, CDs, and money markets, among many others. One popular offering in the eighties was junk bonds...
...embraced the new thinking on dioxin. A furor erupted in the scientific community last winter when a trade association tried to overstate the conclusions of a research meeting at which some evidence favorable to dioxin was presented. Many of the participants did not realize that the conference had been underwritten in part with industry funds. "I agree that there is a lot of new science about dioxin," says Ellen Silbergeld, a toxicologist at the University of Maryland who attended the meeting. "But I don't agree over how that new knowledge should be applied...
...advance this argument: Article 51 of the United Nations Charter recognizes the right of self-defense against armed attack, not only for the victim nation but also for others coming to its aid. Kuwait has appealed for help under Article 51, and the U.N. Security Council has in effect underwritten that appeal by passing resolutions condemning Iraq. Thus the U.S. could legitimately strike Iraq and exercise all the rights of a belligerent, including the right to kill the enemy commander, Saddam...
Neil Bush explained that he had joined the Silverado board for the "learning experience." But just what he learned is not clear. After he folded JNB, he opened yet another oil-exploration firm, Apex Energy. That firm too is underwritten by silent backers. And although he has found no gushers yet, Bush was able to purchase a $550,000 house in one of Denver's best neighborhoods last October...
...first, the people surveyed the community-health nurse with suspicion. But soon Mahon, blessed with a quick smile and caring eyes, gained converts to a program called De Madres a Madres -- from mothers to mothers. Her grass-roots scheme, hatched with a colleague from Texas Woman's University and underwritten by the March of Dimes, calls for training mothers from the barrio to reach out to the ghetto's endangered women. Texas mothers, particularly Hispanics, are among the least likely in the U.S. to receive early prenatal care. So Mahon has been arming volunteer moms with information to help them...