An underwriting contract is an agreement that establishes the conditions for all securities offered in a given public offer to have a buyer before starting.

Update or Discount Rate Concept The update rate concept (also known as discount rate) is associated to the companies’ appreciation, of business and investment projects, being the rate applied to the future income or cash-flows as a way to obtain its current value. Being indifferently used as update rate of future incomes or as capitalization […]