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.
1 Asconoids have the simplest, see the drawing above. 2  These sponges are small and tube-shaped. 3  The water enters through tiny ostia into one large internal cavity called a spongocoel, and is expelled through one large osculum.he sponges are an ancient group with a fossil record back as far as the Precambrian. There are about 10,000 known species of marine sponges, and about 150 freshwater sponges. They are relatively abundant in all marine waters at all depths. They vary in size from a few millimetres to over two metres across.