WHAT IS MEANT BY ‘UNDERWRITING’ THE TERM FREQUENTLY USED IN FINANC...

18. What is meant by ‘Underwriting’ the term frequently used in financial sector ? (A) Under valuation 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 (E) None of these