verb to assume financial responsibility for something, typically by agreeing to pay for any losses or damages
Underwriters assess the risk of a mortgage loan and determine if it meets lending criteria.
Underwriters evaluate and approve loans, securities, or other financial products.
Underwriters evaluate and approve health insurance claims.
Underwriters review legal documents and contracts to assess risk and liability.
Underwriters assess risk and determine the terms and conditions of insurance policies.
Underwriters help companies raise capital by purchasing securities and reselling them to investors.
In the publishing industry, underwriters may assess the risk of insuring a particular book or author based on factors such as genre, sales history, and potential marketability.
Psychologists may use the term 'underwrite' when discussing the process of evaluating and approving insurance coverage for mental health services for their clients.
In finance, underwriters play a crucial role in the process of issuing securities, such as stocks or bonds, by assessing the risk and setting the terms of the offering.
Insurance agents work closely with underwriters to evaluate insurance applications, determine coverage levels, and calculate premiums based on the risk profile of the insured party.