Subsequent offering - A subsequent offering is an offering to the public that comes after the initial offering. What an initial offering is is the first offering of securities that is done through an underwriting process to secure the offering. What happens in the underwriting process is that the underwriter will guarantee the securities before bringing them to the public. The underwriter will guarantee a price to the issuer of the securities so that the issuer can honor the price on the open market; the underwriter provides insurance for these securities for a fee. Therefore the issuer is secure in offering the shares because they will be honored because the underwriter who has insured the securities and will bear any risk.
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Back-end load - A back-end load is a fee such as a sales charge or a commission, which investors pay when selling their mutual funds within a certain number of years, which is usually 5 or 10 years. The fee will be a percentage of the value that is being...