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Banking

Standby Commitment

A type of arrangement that provides a secondary source of funds (capital) in case the primary source falls short of...

Insured Commitment

A type of arrangement that provides a secondary source of funds (capital) in case the primary source falls short of...

Backstop Commitment

A type of arrangement that provides a secondary source of funds (capital) in case the primary source falls short of...

Backstop Commitment

A type of underwriting in which an investment bank commits to a worst-case price, just contrary to a bought deal...