(20–1) Define each of the following terms:

a. Going public; new issue market; initial public offering (IPO)

b. Public offering; private placement

c. Venture capitalists; roadshow; spread

d. Securities and Exchange Commission (SEC); registration statement; shelf registration;

margin requirement; insiders

e. Prospectus; “red herring” prospectus

f. National Association of Securities Dealers (NASD)

g. Best efforts arrangement; underwritten arrangement h. Refunding; project financing; securitization; maturity matching