Underwriting in United States
Underwriting Definition
As applied to corporate stock, an underwriting agreement is an agreement made before such stock is offered to the public whereby the signer, or “underwriter” agrees for a certain compensation to take a stipulated number of shares of stock, or a portion thereof, if the public does not subscribe for or take all of such stock. The same definition applies to the underwriting of corporate bonds, and it is an agreement by the subscribers, based on a consideration, to insure the sale of the bonds subscribed at a stipulated price, and, if they are not sold to others, that the subscribers will purchase and pay for them at the price fixed therein. It has been held that an underwriting in this sense is a purchase together vrith a guaranty of a sale of the bonds. Fletcher Cyclopedia Corporations 950.
Underwriting in Foreign Legal Encyclopedias
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Underwriting | Underwriting in the World Legal Encyclopedia. |
Underwriting | Underwriting in the European Legal Encyclopedia. |
Underwriting | Underwriting in the Asian Legal Encyclopedia. |
Underwriting | Underwriting in the UK Legal Encyclopedia. |
Underwriting | Underwriting in the Australian Legal Encyclopedia. |
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Underwriting | Underwriting in the Family Law Portal of the American Encyclopedia of Law. |
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Underwriting | Underwriting in the Commercial Law Portal of the American Encyclopedia of Law. |
Underwriting | Underwriting in the Criminal Law Portal of the American Encyclopedia of Law. |
Underwriting | Underwriting in the Antritrust Portal of the American Encyclopedia of Law. |
Underwriting | Underwriting in the Bankruptcy Law Portal of the American Encyclopedia of Law. |
Underwriting | Underwriting in the Constitutional Law Portal of the American Encyclopedia of Law. |
Underwriting | Underwriting in the Tax Law Portal of the American Encyclopedia of Law. |
Underwriting | Underwriting in the and Finance and Banking Portal of the American Encyclopedia of Law. |
Underwriting | Underwriting in the Employment and Labor Portal of the American Encyclopedia of Law. |
Underwriting | Underwriting in the Personal Injury and Tort Portal of the American Encyclopedia of Law. |
Underwriting | Underwriting in the Environmental Law Portal of the American Encyclopedia of Law. |
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Underwriting related entries | Find related entries of Underwriting |
Legal Issue for Attorneys
As applied to corporate stock, an underwriting agreement is an agreement made before such stock is offered to the public whereby the signer, or “underwriter” agrees for a certain compensation to take a stipulated number of shares of stock, or a portion thereof, if the public does not subscribe for or take all of such stock. The same definition applies to the underwriting of corporate bonds, and it is an agreement by the subscribers, based on a consideration, to insure the sale of the bonds subscribed at a stipulated price, and, if they are not sold to others, that the subscribers will purchase and pay for them at the price fixed therein. It has been held that an underwriting in this sense is a purchase together vrith a guaranty of a sale of the bonds. Fletcher Cyclopedia Corporations 950.
Notice
This definition of Underwriting is based on The Cyclopedic Law Dictionary. This entry needs to be proofread.