#Daily_One_Banking_Term
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➡ What is meaning of Trust Deed:
▪️ A formal document that creates a trust. It states the purpose and terms of the name of the trustees and beneficiaries.
➡ What is Underwriting :
▪️ It is an agreement by the underwriter to buy on a fixed date and at a fixed rate, the unsubscribed portion of shares or debentures or other issues. Underwriter gets commission for this agreement.
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