UNDERWRITE
1. General. Document that is signed at the end to signify agreement , correctness or truth of contents. 2. Banking. Evaluating risk for lending by analysing loan contract details. 3. Insurance. Evaluation
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
1. General. Document that is signed at the end to signify agreement , correctness or truth of contents. 2. Banking. Evaluating risk for lending by analysing loan contract details. 3. Insurance. Evaluation
Insurance made in advance that the insurance company has not earned.
People at the lowest level of society that have becomes victims of a poverty trap.
Sound waves that have a frequency above 20,000Hz and cannot be heard by humans.
Section of an automobile insurance policy covering damage caused by another insured motorist with insufficient money to pay damages.
Situation where an item’s cost is below the projected cost.
Unused part of manufacturing costs that can’t be applied to earned income if level of production drops.
Situation that has arisen when a portfolio’s investment are lower in proportion to the financial market’s share of capitalisation. Opposite of overweight.
Contract for purchase of securities between the underwriter and the issuer of bonds.
Part of the premium applying to a reinsured part of the policy.
Relative darkness of font characters from thickness of strokes, light, bold, extrabold, etc.
Underwriting syndicate where each member has dual liability. See divided account.
1. General. Departure allowed from a standard that won’t effect a process over its life cycle. 2. Engineering. Capability of a system that can withstand high stress levels without being harmed. See
Individual or group that consumes services and goods.
Cost level or accepted risk to achieve an objective.
Certified Public Accountant’s decision not involved in preparing a financial statement is called in for a unbiased opinion.
The process where a large item is broken into its smaller parts.
Manufacturing or working aids like cutting tools, dies, gauges etc., of a specialized nature whose use is limited to a certain line of production or a job.
Phone call made from outside the exchange area and charged on a per minute basis.
Degree of unreasonableness and unfairness of a contract or deal prompting a court to modify or nullify it.