underwriting
C1CEFR level
65/100Rarity: rare
TechnicalRegister
Law noun
An undertaking by a financial institution to subscribe for any securities not taken up by investors.
The bank's underwriting guaranteed that the rights issue would be fully subscribed regardless of demand.
Business noun
The assessment and assumption of risk involved in issuing a loan, security, or insurance policy.
Sloppy underwriting left the bank exposed to borrowers who could never repay.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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