Definition A commitment by an underwriter to purchase for resale any part of a new issue offered to current shareholders in a rights offering which remains unsubscribed.

A put option in Ginnie Mae trading which gives the holder the right, but not the obligation, to make delivery.

A formal offer by a lender making explicit the terms under which it agrees to lend money to a borrower over a certain period of time.

A standby commitment is a formal agreement by a bank agreeing to lend money to a borrower up to a specified amount for a specific period. It is also known as firm commitment lending. The amount given [..]

An agreement by a lender to provide a certain amount of takeout mortgage financing on specific terms in the future. This commitment enables the borrower to arrange construction financing from other so [..]

An agreement between a corporation and investment firm that the firm will purchase whatever part of a stock issue that is offered in a rights offering that is not subscribed to in the two- to four- we [..]