All or none underwriting An arrangement whereby a security issue is cancelled if the underwriter is unable to resell
the entire issue.
Completion undertaking
Completion undertaking An undertaking either (1) to complete a project so that it meets certain specified performance criteria on or before a certain specified date, or (2) to repay project debt if the completion test cannot be met.
Firm commitment underwriting
Firm commitment underwriting An underwriting in which an investment banking firm commits to buy and sell an entire issue of stock and assumes all financial responsibility for any unsold shares.