Standby agreement

Standby agreement
In a rights issue, agreement that the underwriter will purchase any stock not purchased by investors. ...

Standby agreement:
In a securities issue, this is an agreement by the underwriter to purchase any stock not taken up by public investors, in return for a standby fee.
Français: Accord Standby
Español: Acuerdo de compromiso contingente ...

In the latter case, the investment bank may act as principal, purchasing bonds from the corporation either with a firm commitment or standby agreement. It may also act as agent, selling bonds to the public under a best efforts commitment.

Also called the normal deviate, the distance of one data point from the mean, divided by the standard deviation of the distribution.
Standby agreement ...

See also: Values, Bretton woods, Monetary system, International monetary system, Smith