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Simple English definitions for legal terms

firm-commitment underwriting

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A quick definition of firm-commitment underwriting:

Firm-commitment underwriting is when a company wants to sell stocks to the public, they hire an underwriter who agrees to buy all the stocks and sell them to the public. The underwriter takes on the financial risk of any unsold stocks. This is different from best-efforts underwriting, where the underwriter only tries to sell the stocks but doesn't guarantee to buy any unsold stocks. Another type of underwriting is standby underwriting, where the underwriter agrees to buy any unsold stocks after the public offering for a fee.

A more thorough explanation:

Definition: Firm-commitment underwriting is a type of underwriting where the underwriter agrees to buy all the shares to be issued and remain financially responsible for any securities not purchased.

For example, if a company wants to issue new shares to the public, they may hire an underwriter to help with the process. In a firm-commitment underwriting, the underwriter agrees to buy all the shares from the company and then resell them to the public. This means that the underwriter takes on the risk of not being able to sell all the shares and is financially responsible for any unsold shares.

Another type of underwriting is best-efforts underwriting, where the underwriter agrees to direct the public sale of the securities but does not guarantee the purchase of all the shares.

Firm-commitment underwriting is often used for larger offerings or for companies that may have a higher risk of not being able to sell all their shares. It provides a guaranteed source of funding for the company and reduces their risk in the offering process.

firm bid | firme

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My app was complete Oct 11
If yes what time
Dkk
12:29
Sure, yes! 11:22:24 PST
ClassyPleasantHeron
12:30
I wonder if Berk was updating their system so that they could watch more video.
1a2b3c4d26z
12:41
They updated it so they could watch my video one trillion times
brookyln law portal just added person id and application id for me, what does it mean??
Dkk
12:52
@VolatileClumsyAcolyte: well someone got an A so maybe an A
just checked the reddit, apparently it means nothing..
HAPPY FRIDAY HAPPY UCLA DAY
what time would they release cuz west coast
BulbasaurNoLikeCardio
12:54
I hate that Vanderbilts portal gives no status
HopefullyInLawSchool
12:54
@VolatileClumsyAcolyte: did you apply YM to Brooklyn?
JumpySubsequentDolphin
12:57
@SplitterusClitterus: THEY BETTER HAVE AN A WAVE TODAYYY
glovediedthisishismom
12:57
kendrick lamar
glovediedthisishismom
12:57
album
JumpySubsequentDolphin
12:57
I think usually they release at like 1ish?
JumpySubsequentDolphin
12:57
@glovediedthisishismom: GNXXXX
babycat
12:59
I heard if you apply YM at Brooklyn specifically it’s the equivalent of like a 5 LSAT point boost
HopefullyInLawSchool
13:00
^^^^This
13:00
does anyone have any information on lsu? I have only heard of 1 person getting a decision and its driving me insane
HopefullyInLawSchool
13:01
Just info on their YM applications but nothing else
HopefullyInLawSchool
13:02
@BeFree03:
13:04
yeah thats all i am seeing as well. i have literally looked everywhere trying to find at least a time of day for decisions but theres nothing
CuriousPanda2362
13:04
I feel like it’s the calm before the storm
CuriousPanda2362
13:05
Big movement are bound to happen soon but it’s so eerily quiet
HopefullyInLawSchool
13:05
^^^^Me taking a dookie
CuriousPanda2362
13:05
Lmao
babycat
13:06
Ehh I think schools will prob release information on their YM applicants first before they even get to RD
babycat
13:06
I wouldn’t expect RD applicants to hear anything until after Thanksgiving bc they prioritize YM so heavily
HopefullyInLawSchool
13:06
I heard theyll do that at LSU but not 100% sure
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