GREENSHOE
\ɡɹˈiːnʃuː], \ɡɹˈiːnʃuː], \ɡ_ɹ_ˈiː_n_ʃ_uː]\
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An OPTION granted by an issuing company to the SYNDICATE UNDERWRITING a NEW ISSUE of EQUITY, which permits the syndicate to sell additional shares as part of the PRIMARY MARKET offering in the face of excessive demand, up to a maximum amount defined in advance. Also know as OVERALLOTMENT OPTION, SHOE.
By Henry Campbell Black
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.