What is meant by "Underwriting", the term frequently used in financial sector? [Punjab & Sindh 2011]

Giving a Guarantee that a loan will not become a bad loan

The act of taking on a risk for a fee

The act of permission to float an IPO

What is meant by "Underwriting", the term frequently used in financial

1.	What is meant by "Underwriting", the term frequently used in financial sector? [Punjab & Sindh 2011]
A.	Undervaluation of the assets
B.	The act of taking on a risk for a fee
C.	Giving a Guarantee that a loan will not become a bad loan
D.	The act of permission to float an IPO
Answer» C. Giving a Guarantee that a loan will not become a bad loan

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What is meant by "Underwriting", the term frequently used in financial sector? [Punjab & Sindh 2011]

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