Underwriting Meaning in English
word · lemma: underwrite
परिभाषा
Underwriting is the process where a person or company takes on the financial risk of an insurance policy, loan, or investment, usually for a fee. It often refers to assessing whether to accept someone for insurance or to guarantee the sale of securities.
उपयोग और बारीकियां
Used in formal, business, and financial contexts, especially insurance and investment. 'Underwriting' often appears with 'process,' 'criteria,' or 'department.' In insurance, it means risk assessment before issuing a policy; in finance, it can mean guaranteeing security sales. Not used in casual conversation.
उदाहरण वाक्य
The underwriting process decides if you can get health insurance.
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Banks use underwriting to check your risk before giving a loan.
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The underwriting team checks every insurance application carefully.
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Without proper underwriting, the company could face huge losses if too many claims are made.
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Mortgage underwriting is sometimes slow because checking all your documents takes time.
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The bank's underwriting standards have become stricter since last year.
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