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.
Quick Answer. The amount of water a sponge can absorb depends on many factors. The material the sponge is made out of, the structure of the sponge and the size of the sponge all affect how much water the sponge can absorb. Continue Reading.