The Term 'To Underwrite' Refers To

The term 'to underwrite' refers to:

A) a type of insurance that is offered by brokers to investors for protection against capital loss.
B) a legal contract binding both the seller and buyer of shares against potential loss.
C) an agreement by a broker to buy a portion of shares that are to be issued.
D) insurance offered by banks against changes to mortgage interest rates.

Correct Answer:

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