firm commitment and best offer
Not what you're looking for?
There are two basic types of underwriting involved in a cash offer; firm commitment and best offer. Please differentiate between firm commitment and best offer.
Purchase this Solution
Solution Summary
Firm commitment and best offer is discussed in the solution.
Solution Preview
The basic difference between firm commitment and best offer in underwriting is that in case of firm commitment, the underwriter promises to purchase the securities for their own account, if they are not able to sell such shares to the public or in other words, are not able to secure full subscription of the shares. The ...
Education
- BComm, University of Delhi
- Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
Recent Feedback
- "Thanks"
- "Thanks"
- "Very good! "
- "thanks"
- "Thank you!"
Purchase this Solution
Free BrainMass Quizzes
IPOs
This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)
Marketing Management Philosophies Quiz
A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.
Basics of corporate finance
These questions will test you on your knowledge of finance.
Organizational Behavior (OB)
The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.