Meaning of the word underwriting in English
What does underwriting mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
underwriting
US /ˈʌndərˌraɪtɪŋ/
UK /ˈʌndərˌraɪtɪŋ/
Noun
1.
the process of assessing the risk of a potential client or policyholder and determining the terms and conditions of coverage, especially in insurance or finance
Example:
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The bank's underwriting department carefully reviewed the loan application.
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Effective underwriting is crucial for managing risk in the insurance industry.
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