A written agreement a lender makes to loan money for the purchase of property.
Related information about firm commitment:
- Firm Commitment Definition | Investopedia
1. A lending institution's promise to enter into a loan agreement with a specific entity within a certain period of time. 2. An underwriter's agreement to assume all ...
- Firm Commitment - Financial Dictionary - The Free Dictionary
An agreement between the issuer of a security and its underwriters stating that the underwriters are responsible for any unsold portion of the issue. That is, the ...
- What is firm commitment? definition and meaning
Definition of firm commitment: Oral or written commitment under which a party voluntarily binds itself to a certain offer or performance of an act for a specified ...
- What is firm commitment offering? definition and meaning
Definition of firm commitment offering: An arrangement in which an underwriter assumes the risk of bringing a new securities issue to market, by buying the issue ...
- Underwritings: Firm Commitment vs. Best Efforts | Russell L. Forkey ...
What is the difference between a "firm commitment" and a "best efforts underwriting? A lot. So much so that it could have a material impact on the success of the ...
- Firm Commitment: Definition from Answers.com
Lending: term used by lenders to refer to an agreement to make a loan to a specific borrower within a specific period of time and, if applicable, on a.
- Underwriting contract - Wikipedia, the free encyclopedia
In the firm commitment contract the underwriter guarantees the sale of the issued stock at the agreed-upon price. For the issuer, it is the safest but the most ...
- firm commitment Definition | Business Dictionaries from AllBusiness ...
Firm commitment underwriting is to be distinguished from conditional arrangements for distributing new securities, such as standby commitments and best efforts ...