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Subscription

An agreement to buy a new issue of a security before it is actually issued. Before a new issue, underwriters canvass potential investors, who may or may not make an order to buy a portion of the new issue. The extent to which the issue is subscribed may affect the price when the security is actually issued. It is important to note that a subscription is not binding, as it is illegal to sell a security that has not actually been issued. To subscribe is also called to book. See also: Overbooked, Underbooked.

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To use rights for ordering securities sold as a new issue.
References in classic literature ?
But these were pigmies against an army; the general assemblage subscribed to the gospel according to Slackbridge, and gave three cheers for him, as he sat demonstratively panting at them.
That gentleman, with a very serious shake of his head, subscribed the article.
The other three cordially subscribed to this opinion, and the anecdote afforded the most unlimited satisfaction.
Once you have subscribed to the new TUS KCC you will need to download the "tus_guide.
Jane decides to change her e-mail on the four Lists (league-voice, lwv-cfr, lwv-reprochoice and lwv-pres-update) to which she is already subscribed.
84% of the shares offered, were subscribed for using subscription rights.
84 per cent of the offered shares, have been subscribed through exercise of subscription rights
Revlon has indicated that, while it knows the total number of shares of Revlon Class A common stock subscribed for in the rights offering pursuant to the basic and over-subscription privileges, it is in the process of calculating the over-subscriptions.
Consequently, at most 11,610,484 series A shares will be subscribed for within the new share issue.
Thereby, a maximum of 11,942,150 new series A shares can be subscribed within the scope of the new share issue decided upon by the Board, of which a maximum of 333,333 shares can be subscribed on the basis of shares received after utilisation of existing warrants.