Examlex
The seeds of some fruits cannot germinate unless they have first passed through the digestive system of an animal. Given this, the animal plays a role in perpetuating the plant species, and this role can best be considered an example of a trophic level.
Firm Commitment Underwriting
An agreement where an underwriter commits to buy all the securities from the issuer and sell them to investors, assuming full financial risk.
Spread
The difference between the buying price and the selling price of a security or asset.
Issuing Company
Refers to a company that offers or has offered its securities for sale to investors.
Preemptive Right
A shareholder's right to buy new shares in a company before they are offered to the public, maintaining their proportionate ownership.
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