Series 79: Syndicate Covering Transaction

Taken from our FINRA Investment Banking Exam

Definition of the term Syndicate Covering Transaction...

a bid or purchase made by a syndicate member to cover a short position created by overselling its allotted shares.

Since you're reading about Series 79: Syndicate Covering Transaction, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 79
Please Enable Javascript
to view this content!