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Kinship networks of the poor
Firm Commitment Underwriting
A type of underwriting where the underwriter buys the entire offering from the issuer and sells it to investors, assuming full financial risk.
Underwriting Spread
The difference between the amount underwriters pay to acquire securities from the issuer and the price at which they sell these securities to investors.
Shares
Portions of ownership in a corporation or financial asset available to investors.
Market Value
Market value is the current price at which an asset or service can be bought or sold in a marketplace, reflecting the value that market participants assign to it.
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