Answer: Indications of interest are underwritten expression that shows a conditional, non-binding interest in buying a security that is currently in registration and awaiting approval
Step-by-step explanation:
Indications of interest are underwritten expression that shows a conditional, non-binding interest in buying a security that is currently in registration and awaiting approval by the board known as Securities and Exchange commission (SEC). The broker of the investor is required to provide a preliminary prospectus