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.
Best Answer: Sponges may reproduce sexually and asexually. This helps keep them alive in their habitats. Most sponges are both male and female. In sexual reproduction, they may play either role. The âmaleâ sponge would release sperm into the water, which would travel and then enter a âfemaleâ sponge. After fertilization in the sponge, a larva is released into the water. It floats around for a few days and then sticks to a solid to begin its growth into an adult sponge. Sponges are also able to reproduce asexually through budding. This is when a small piece of sponge is broken off but is still able to survive and grow into another sponge. Sponges are also able to repair damages to their bodies. These characteristics of sponges are ideal because even small parts of sponges may survive in the water.