UNDERWRITERS DISCOUNT Definition

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UNDERWRITERS DISCOUNT is the differential between the price paid to the issuer for the new issue and the prices at which the securities are initially offered to the investing public.

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CONDITIONAL SALES CONTRACT is a credit contract used for the purchase of equipment where the purchaser doesnt receive title of the equipment until the amount specified in the contract has been paid in full.

GARNISH is to take a debtor's wages under a legal order, e.g. for child support or an IRS tax liability.

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