What Is "Firm Commitment" Underwriting

question 32

Multiple Choice

What is "firm commitment" underwriting?

• A)Broker's guarantee of the price to the borrower.
• B)Broker sells as much of the debt issue as possible.
• C)Debt that is backed by specific collateral.
• D)Feature that permits the borrower to redeem before maturity.

---

Definitions:

Inactive Files

Filed documents or records that are no longer needed for current operations but are kept for historical or legal purposes.

Suspended Files

Files that are temporarily removed from active status or access, pending a resolution or further action.

Retained Files

Documents or records that are kept or preserved, often for legal, historical, or informational purposes.

Susceptible

Likely or liable to be influenced or harmed by a particular thing or condition.