an
agreement that the underwriter of a new securities issue will purchase all the
securities at a discount and commit to sell them all to the public at a public
offering price.
Series 51: Firm Commitment Underwriting
Taken from our Series 51 - MSRB Municipal Fund Securities Limited Principal Qualification Exam
Definition of the term Firm Commitment Underwriting...
Since you're reading about Series 51: Firm Commitment Underwriting, you might also be interested in:
Please Enable Javascript
to view this content!
to view this content!