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Firm Commitment
An underwriting agreement in which an underwriter buys all the securities from the issuer and resells them to investors.
Investment Banker
A professional who works in a financial services company or division that specializes in raising capital for companies, governments, or other entities.
Initial Margin
The upfront payment required when opening a position in the futures market, serving as a guarantee for future contract fulfillment.
Primary Market
The market in which new issues of securities are offered to the public.
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