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.

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Pay Back Period Bounced cheque Gross Pay
XU Overbought Direct Costs
Valuation reserve Committal proceedings To arraign
Financial Conglomerate Break up value CAM
Secondary Home Forced Acquisition AVC
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Descope Transfer Deed Forum
Patentability Bereaved minor PLN
Allotment Ad infinitum Restricted Goods
Payroll Legacy Diplomat
Exchange Rate Oversubscribed Equity Line
Justice of the peace T-account Balboa
Unfranked Receipts Chargeable Income Bank Reconciliation

Term created / updated 2013-07-15 08:52:33

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