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Filed under: Business — anlactunay @ 6:19 AM

Definitions (4)
1. General: Sign at the end of a document to signify one’s agreement with, or the correctness or trueness of its contents.
2. Banking: Evaluate a lending risk through the detailed analysis of a loan applicant’s credit information (such as ability to service the loan, credit history, value and quality of the collateral offered) and to match it with appropriate loan terms and rate of interest.
3. Insurance: Evaluate a risk to assume the liability for specified future events and to match the risk with appropriate rate of premium.
4. Securities trading: Assume the risk of buying a part or entire new issue of bonds or shares from its issuer for reselling it to the public at a higher price.

Definitions (3)
1. General: Entity who (1) is in the business of evaluating and taking over other people’s risk for a fee variously called a commission, interest, premium, or underwriting spread, or (2) sponsors an event or program by paying all or part of the associated expenses in return for publicity or its name, message, and/or product.
2. Insurance: Qualified individual who evaluates an insurance proposal to assess the kind and degree of risk involved. He or she then determines how much premium should be charged for protecting the applicant against losses that may arise from the risk.
3. Securities trading: Person or firm that buys a new issue of bonds or an initial public offering (usually as a syndicate with other underwriters) for reselling it to the public at a profit. In the UK practice, the underwriters normally do not purchase the shares unless a buyer has been found. In the US practice, they normally purchase part or whole of issue and then offer it to the public.

The process during which lenders analyze the risks a particular borrower presents and set appropriate conditions for the loan.


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