Q. What is meant by 'Underwriting', the term frequently used in financial sector? [Punjab & Sindh Bank 2011] (Solved)
1. Under valuation of the assets.
2. The Act of taking on a risk for a fee.
3. Giving a Guarantee that a loan will not become a bad loan.
4. The act of permission to float an IPO.
- a. Under valuation of the assets.