Standby commitment


 

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Standby commitment

An agreement between a corporation and investment firm that the firm will purchase whatever part of a stock issue that is offered in a rights offering that is not subscribed to in the two- to four- week standby period.



Standby commitment

Similar Matches

Take Out Commitment

Take Out Commitment

Agreement by a lender to place a long term (take out) loan on real property after completion of construction.


Commitment

Commitment

A promise by a lender to make a loan with specific terms for a specified period.


Production flow commitment

Production flow commitment

An agreement by the loan purchaser to allow a monthly loan quota to be delivered in batches.


Loan commitment

Loan commitment

Assurance by a lender to make money available to a borrower on specific terms in return for a fee.


Firm commitment underwriting

Firm commitment underwriting

An underwriting in which an investment banking firm commits to buy and sell an entire issue of stock and assumes all financial responsibility for any unsold shares.


Further Suggestions

Commitment fee
Advance commitment
Specific commitment
Loan commitment


 
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