Agreement Among Underwriters (AAU)

Legal document used principally in negotiated sales by underwriters. The document consists of the instructions, terms and acceptances, and the standard terms and conditions.

REMARKS: Underwriting refers to the process that a large financial service provider (bank, insurer, investment house) uses to assess the eligibility of a customer to receive their products like equity capital, insurance, mortgage or credit to a customer. Underwriting can also refer to the purchase of corporate bonds, commercial paper,