Business Terms and Jargon Explained
What is Underwrite
This term is used in insurance and the investment industries. An underwriter is someone that agrees to pay an obligation in a given event. Example, if a ship sinks, the underwriter will pay for a replacement ship and pay all cost involved in remedying the situation.
In the investment industry, an underwriter is someone who underwrite the unsold shares in a shares issue. They will buy all unsold share.
<- Go Back
Business Terms Home page
Search Jargon and Terms Database
A B C D E F G H I J K L M N
O P Q R S T U V W X Y Z
Term created / updated 2013-07-15 08:52:33
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.
Copyright © 2004-2022 Scopulus Limited. All rights reserved.