The Term 'To Underwrite' Refers To

question 38

Multiple Choice

The term 'to underwrite' refers to:

• A)a type of insurance that is offered by brokers to investors for protection against capital loss.
• B)a legal contract binding both the seller and buyer of shares against potential loss.
• C)an agreement by a broker to buy a portion of shares that are to be issued.
• D)insurance offered by banks against changes to mortgage interest rates.

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