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LEGAL TERMS DIRECTORY
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z Standby Commitment An agreement to purchase any shares left over after completion of a public offering. This is commonly done in a rights offering, where a standby underwriter agrees to purchase all shares not subscribed for by the existing shareowners. Initially, the function of an underwriter in a public offering was to insure that all the money would be raised by issuing a standby commitment. Welcome to our Legal Directory
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Legal & Compliance, LLC 330 Clematis Street, Ste. 217 West Palm Beach, FL 33401 Phone: 800-341-2684 Local: 561-514-0936 Fax: 561-514-0832 E-mail: LauraAnthonyPA@aol.com www.PublicCompanyCompliance.com |