Freed Up Law and Legal Definition
Freed up is a term used in the underwriting process to refer to the time when the underwriters are no longer obligated to sell securities at the agreed upon price, as decided by the syndicate. When an underwriter is freed up, it is allowed to trade any remaining securities at the market price. It is the amount of capital that becomes available to an investor when a position is closed. The freed up capital can then be used to invest in other assets.