COLLATERAL NOTE Definition

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COLLATERAL NOTE is a note secured by collateral. Same as secured note.

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INVESTMENT BANKER is an underwriter who serves as a middleman between a corporation issuing new securities and the public. Usually, an investment banker, or several investment bankers in a syndicate, buy the securities issue outright, then sell the securities to individuals or institutions.

SUBSIDIARY is a company whose voting stock is more that 50% owned by another company.

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