Final answer:
An all-or-none offering refers to an underwriting process where the entire amount of securities must be sold or the issue is withdrawn and any collected funds are returned to investors. The option (D) is correct.
Step-by-step explanation:
A type of underwriting in which the issue is withdrawn if the entire amount is not sold is called an all-or-none offering. This means that the underwriters agree to sell a certain amount of shares, and if they are unable to sell the entire amount, the deal is off and the securities are not issued.
The underwriters do not purchase the securities; they merely agree to sell them. If they can't sell all the securities at the minimum price, the deal is canceled, and any money collected from potential investors is returned. Therefore, option (D) is correct.