MIDI is an acronym that stands for Musical Instrument Digital Interface. It is a set of standards designed in the mid 1980's to allow different musical instruments (usually keyboards) communicate with one another using digital messages.
The profit an insurance company generates after paying all claims. That is, the underwriting gain is what is left over after the premiums the company collects are added to its investment income and the amount the company pays for claims on its policies is subtracted. An underwriting gain is also called an underwriting profit.
DEFINITION of 'Underwriter Syndicate'. A temporary group of investment banks and broker-dealers who come together to sell new offerings of equity or debt securities to investors.The underwriter syndicate is formed and led by the lead underwriter for a security issue.An underwriter syndicate is usually formed when an issue is too large for a single firm to handle.The syndicate is compensated by the underwriting spread, which is the difference between the price paid to the issuer and the price received from investors and other broker-dealers.Also referred to as an underwriting group, banking syndicate and investment banking syndicate.he underwriter syndicate is formed and led by the lead underwriter for a security issue. An underwriter syndicate is usually formed when an issue is too large for a single firm to handle.