Examlex
Which of the following words is most nearly synonymous with the term refract?
Syndicate
A group of underwriters formed to reduce the risk and help to sell an issue.
Group of Underwriters
A team of financial institutions or individuals that jointly take on the risk of issuing new securities by purchasing them from the issuer and selling them to the public.
Reduce Risk
Strategies and measures employed by individuals or companies to minimize the exposure to financial loss or operational failures.
Underwriters
Organizations or individuals that assess and accept the risk of another party in exchange for a fee, typically in the context of insurance or investment banking.
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