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Glossary > F > "Firm commitment underwriting" Definition

Firm commitment underwriting

An undewriting in which an investment banking firm commits to buy the entire issue and assumes all financial responsibility for any unsold shares.

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Firm commitment underwriting - An undewriting in which an investment banking firm commits to buy the entire issue and assumes all financial responsibility for any unsold shares.

Firm commitment underwriting : an undewriting in which an investment banking firm commits to buy the entire issue and assumes all financial responsibility for any unsold shares.