Syndication

Distributing a large loan or bond across many institutional investors rather than one lender holding it all. Underwriting banks take the initial commitment risk, then sell it down.

Go deeper

This term comes up constantly in investment banking interviews and on the desk.

Investment Banking interview prep

Related Investment Banking terms

Go further than reading

The written material is free. These are the ways to get it applied to your own work.

Browse the full glossary — 150+ finance recruiting and technical terms, in plain English.