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the agreement between the cooperative building and the bank lending money for purchase of shares of stock in a cooperative is known as_____________.
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the agreement between the cooperative building and the bank lending money for purchase of shares of stock in a cooperative is known as_____________.

User Daniel Love Jr
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Answer:

The correct answer is: Subscription Agreement.

Step-by-step explanation:

A Subscription Agreement is a company commitment to sell a certain number of shares at a certain price to an investor, and an investor agrees to pay that price. The number of shares, its prices, and the provisions are specified in the contract to be recognized by the two parties involved. The Securities and Exchange Commission (SEC) rule 506(b) and 506(c) of Regulation D establish all the requirements for this type of subscription to take place.

User Daniel Cumings
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