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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.

subscribe

To use rights for ordering securities sold as a new issue.
References in classic literature ?
But they seem not to have been apprised of the sentiments of that great man expressed in another part of his work, nor to have adverted to the consequences of the principle to which they subscribe with such ready acquiescence.
But it knows any friend it has met once before: It never will look at a bride: And in charity-meetings it stands at the door, And collects--though it does not subscribe.
I'm thinking of sending round to all the old antiqueerians in this part of England," he said, "asking them to subscribe to a fund to maintain me.
No, my good sir, I not only don't subscribe myself, but I hope to be the means of nipping a good many subscriptions in the bud.
Behind them, you caught glimpses of the other boats, and bits of the surrounding scenery; but everything and everybody else in the lock looked so utterly insignificant and paltry compared with our feet, that all the other people felt quite ashamed of themselves, and refused to subscribe to the picture.