Underwriters, actual or potential, often seek out and "Circle" investor interest in a new issue before final pricing. The customer circled has basically made a commitment to purchase the issue if it is available at an agreed-upon price. If the actual price is other than that stipulated, the customer supposedly has first offer at the actual price.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). circle. Retrieved September 20, 2026, from http://smartdefine.org/circle/definitions/1149895 |
| Chicago | Barry Goldsmith. 2010. "circle" http://smartdefine.org/circle/definitions/1149895 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, circle, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/circle/definitions/1149895>. |
| MLA | Barry Goldsmith. "circle" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/circle/definitions/1149895> |