Adverse Action

  

It's basically just what it sounds like: a fancy term for things going wrong.

Adverse actions catalogue the times when the world's big bureaucracies - the government, financial institutions, corporate entities - turn against you. They're an official record of your bad days.

Adverse actions come up frequently in the contexts of credit checks and employment. You know how in school, vice principals were always threatening to put things on your permanent record? Adverse actions are kind of like that. They are notices that come up when people do certain checks, like when a lender looks at your credit report, or when an employer does a background check before hiring you.

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Finance: What is a Firm Deal: Commit, Qu...7 Views

00:00

Finance allah shmoop What are a firm deal Ah firm

00:06

commit and a firm quote No a lot of firms

00:11

here is by agra involved in this one No Well

00:14

okay people Yes You knew we were going to go

00:16

there We'll start with firm commit Well the whole notion

00:19

of a firm commit applies on a few fronts Like

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if a lender is lending dough Well usually there is

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a contractual agreement cleverly called a firm commitment letter and

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it derives a firm deal like the deal will follow

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that commitment And that letter specifies the amount of money

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the lender is willing to lend at a given interest

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rate With all the terms you know spelled out for

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given time like this offer is good for thirty days

00:47

or until june first Or until the where wolf grows

00:51

What they crow Don't they Okay howl whatever In an

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ai po when a bank is selling shares on behalf

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of a company issuing them a firm commit gives rise

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to a firm deal And it basically says that the

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bank is responsible for selling any unsold shares That is

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It's called a quote bought deal unquote And the bank

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Either sells those aipo shares to investors or well they

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buy them for their own account In a firm quote

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the commitment involved usually refers to a broker dealers bid

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ask spread in selling those shares like she holds a

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few million shares of amazon in inventory and publishes to

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her constituency that she is firm as a buyer at

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eleven hundred two and twenty and a seller at eleven

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hundred eight and fifty Got it sets one one zero

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two point two zero in a cellar at one one

01:42

zero eight point five oh yeah that's how it would

01:44

look well if anyone matches those numbers then she is

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legally obligated to sell them And just in case someone

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wants to buy a good gillian shares i am or

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than she carries in inventory well there's usually a limit

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number attached to her offer for like i stand firm

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on one hundred thousand at this price like a hundred

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thousand shares and not a hundred thousand won something like

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that anyway so firm think obligated confirmed contracted for legally

02:13

binding and sometimes yeah that'll give you cramps Just try 00:02:17.1 --> [endTime] prunes

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