Previous studies indicate that the use of child labour on the tobacco estates is in fact continuous and part of the overall labour market. Children are usually not employed directly on the estates but work as part of the tenant family.
A Broker is NOT the same as and Underwriter (U/W). The Broker usually owns the mortgage company. He contracts with several companies to write loans.
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.