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Simple English definitions for legal terms

strict underwriting

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A quick definition of strict underwriting:

Strict underwriting is a type of standby underwriting where an underwriter agrees to buy any unsold shares from the issuer after a public offering. This means that the underwriter takes on the risk of buying any remaining shares that the public did not purchase. It is called "strict" because the underwriter has a strict obligation to buy these shares, even if they are not able to sell them to the public.

A more thorough explanation:

Strict underwriting is a type of underwriting where the underwriter agrees to buy any unsold shares remaining after a public offering. This is also known as standby underwriting.

For example, if a company is offering 1,000 shares to the public and only 800 are sold, the underwriter will buy the remaining 200 shares. The underwriter charges a fee for this service.

This type of underwriting provides a safety net for the issuer, as they are guaranteed to sell all of their shares. It also provides a level of security for investors, as they know that the underwriter will step in if there is a lack of demand for the shares.

strictum jus | strikebreaker

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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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