A contract or agreement to purchase a specific number and kind of shares of stock when it is issued is called a stock: ______.

Question

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A subscription agreement is a contract where an individual or entity agrees to purchase a certain number of shares of a company's stock when it is issued. This is commonly used in private placements or initial public offerings (IPOs) where a company raises capital by offering shares to investors.

A Contract or Agreement to Purchase a Specific Number and Kind