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.
Making the world better, one answer at a time. Paper Towels can absorb water in two different ways. First, microscopic spaces in the towel have space for water to soak in, like a sponge. The water stays trapped in the spaces until squeezed out. The second way is when a chemical cellulose, which makes paper towels strong, soaks up the water molecules. Most paper towels contain both microscopic spaces and cellulose, so it absorbs the water extra well.