Investment bank
Investment bank is a financial institution that assists in the design of an issuing client's corporate securities and in the sale of the new securities to investors in the primary market.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Investment bank. A firm that assists in the design of an issuing firm's corporate securities and in the sale of the new securities to investors in the primary market.
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Investment bank. An organization that underwrites and distributes new investment securities and helps businesses obtain financing.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
