Standby Agreement. An agreement between the issuer of a security and its underwriters stating that the underwriters are responsible for any unsold portion of the issue. That is, the underwriters agree to buy the remainder of a new issue if they are unable to place its entirety with investors.
A sponge has water flow in through the pores. The water contains the food and oxygen the sponge needs. Respiration. A sponge takes in water through its pores and in more advanced forms, with canals that move the water to all throughout the sponge.
Wet your grouting sponge and wring it out until it's just damp. Then, starting along one side of the grouted area, position the sponge so that the corner of one long side of the sponge is in contact with the wall and drag the sponge in a continuous stroke up the wall.