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.
I think a sponge absorbs in formation like it absorbs water and a stone is when it doesnt learn anything new.Or a sponge is nice and is really caring and spends a lot of time with there family and friends but a stone is mean it is disorganized because it doesnt have time to have fun.