Examlex
Until 2013, states had not been required to recognize same-sex marriages legalized in other states, despite the full faith and credit clause, because of
Floatation Costs
The comprehensive expenses involved in releasing new securities, encompassing fees for underwriting, legal services, and registration.
Firm Commitment
An underwriting agreement in which an underwriter agrees to buy all the unsold shares in an initial public offering (IPO).
Underwriter
A person or institution that assesses and accepts the risk on investments, insurance, or securities, often by buying or guaranteeing them.
Direct Costs
Direct costs are expenses directly tied to the production of a product or service, such as raw materials and labor.
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