A clause that may appear in an underwriting firm commitment that releases it from its purchase requirement if there are negative securities market developments.
Similar Matches
Accrued market discount
Accrued market discount The rise in the market value of a discount bond as it approaches maturity (when it is redeemable at par) and not because of falling market interest rates.
Actual market
Actual market Used in context of general equities. Firm market. Antithesis of Subject market.