firm commitment underwriting

glossary / firm-commitment underwriting
Underwriting in which the underwriter agrees to buy all the shares to be issued and remain financially responsible for any securities not purchased.

• The underwriter, or underwriting group, buys the securities from the issuer and resells them as principal. In this type of underwriting, securities that cannot be sold to the public are owned by the underwriter, and the issuer is paid for those securities as well as the others.

专业法律词汇 词条贡献者
译者Sherry，毕业于欧洲顶尖的高级翻译学院，擅长翻译各种与复杂并购相关的法律文件。