Underwriting: Difference between revisions
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imported>Doug Williamson m (Spacing 14/8/13) |
imported>Doug Williamson (Add third definition.) |
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More generally, providing guarantees or insurance, in return for a fee or for other consideration. | More generally, providing guarantees or insurance, in return for a fee or for other consideration. | ||
3. | |||
Effectively providing guarantees or insurance, without receiving full consideration in return. | |||
Revision as of 16:27, 10 December 2017
1.
The process of committing to purchase any securities remaining unsold after an issue.
The underwriter agrees to purchase any unsold securities.
2.
More generally, providing guarantees or insurance, in return for a fee or for other consideration.
3.
Effectively providing guarantees or insurance, without receiving full consideration in return.
