An agreement between financial service provider and company in which service provider takes a respon...........

Finance (Phase -I & II) Banking and Financial system in India

An agreement between financial service provider and company in which service provider takes a responsibility to subscribe for unsubscribed shares in case of undersubscription, in lieu of commission on gross liability taken:

Underwriting

Preliminary contract

Portfolio Management

None of the above

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Explanation:

Underwriting is an agreement between the underwriter and the company in which underwriter takes a liability to subscribe the unsubscribed portion of the shares in lieu of underwriting commission.