Series 66: Standby Underwriter

Taken from our Series 66 - NASAA Uniform Combined State Law Exam

Definition of the term Standby Underwriter...

a firm which agrees to purchase any shares that were not bought in the rights offering in a firm commitment.

Since you're reading about Series 66: Standby Underwriter, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 66
Please Enable Javascript
to view this content!