Examlex
Collateral refers to the borrower's assets or net worth.
Canada
A country in North America known for its vast landscapes, multicultural heritage, and strong economy.
Underpricing
Occurs when the initial offering price of a stock is set below its market value, often leading to a price surge once it begins trading publicly.
Direct Issuance Costs
Expenses directly associated with the issuance of new securities, including legal, accounting, and underwriting fees.
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