WordValenoun
underwriting
assessing and assuming financial risk for a fee
In more detail
1. (noun) the business of examining insurance applications and deciding whether to approve them and what price to charge
2. (noun) the process of a financial company agreeing to buy newly issued stocks or bonds and then selling them to investors
3. (verb) to agree to pay for something if there is a loss or problem
Examples
- She works in underwriting at an insurance company.
- The bank handles the underwriting of new bond issues.
- The company will underwrite the cost of the event if it loses money.
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