Subscription
From ACT Wiki
1. Securities - sale - issue - primary market.
A process of offering new securities for sale in a primary market, in which prospective buyers make binding commitments to buy, in advance of the new issue being made.
New issues may be oversubscribed or undersubscribed.
2. Services - professional associations - clubs.
A periodic payment for an ongoing service, or membership of an association or club.
Typical subscription periods include monthly and annual.
