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.

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词条贡献者

译员Terris，毕业于国内一流的高级翻译学院，擅长翻译有关文旅和酒店领域的法律文件。