Underwriting
Bouvier's Law Dictionary and Concise Encyclopedia · John Bouvier; revised by Francis Rawle · 1914
Bouvier's Law Dictionary and Concise Encyclopedia
An agreement made in taken up, the underwriter will take what remains. An underwriter is held liable in England on the stock subscribed for by him.
See 42 Ch. D. 1.
Underwriting contract An agreement to take shares in a company forming, so far as the same are not subscribed to by the public.
Palmer, Company Precedents 107.