A commitment for which an entity has to incur unavoidable costs to meet the corresponding contractual obligation in excess of...

A firm commitment by a lender (e.g., a bank) to provide credit (loan) under pre-specified terms and conditions. It is...

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

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

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

The risk that mortgage brokers encounter in their business- i.e., provision of commitments to mortgage borrowers. It arises from adverse...