Answer: underwriting
Explanation: In simple words, underwriting refers to the services which are provided by financial institution such as investment bank in which the institution takes all the liability to borne the financial risk in case any loss happens.
Investment bank are the financial institutions that are appointed by the corporations for selling their shares in the market for capital funding. In an underwriting contract , investment banks agrees to make full effort to sell as much shares as they can in exchange for a commission and the roaming unsold shares sere purchased by the bank itself at a predetermined price.
