Financial Underwriting
/ˈfaɪnænʃəl ˈʌndərˌraɪtɪŋ/
Definitions
- (n.) The process by which a lender or insurer assesses the risk and creditworthiness of a party seeking a loan or insurance coverage.
The bank's financial underwriting team evaluated her credit history before approving the mortgage.
Forms
- financial underwriting
Related terms
See also
Commentary
Financial underwriting often involves analyzing financial statements, credit reports, and other data to determine risk and terms for loans or insurance policies.
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