It was, among other things, the manager of a pool of five companies and was able to underwrite, price, quot, bind and issue contracts of reinsurance on behalf of the pool.
"Insurers," the report said, "need to make underwriting, price and coverage decisions for these policies in mid-2004".
"We think it is slightly less relevant for RBS in the near term - with less than two weeks of the current offer to run, if would be very strange if RBS tried to change the terms of its issue given its share price is languishing at a 35% discount to the underwriting price.
But citizens ends up paying the official price anyway, involuntarily, in the form of taxes that underwrite the price supports.
And the Fed should be careful not to give the impression that it will underwrite share prices by cutting interest rates.
Ever since goods have been put on display instead of behind counters, so we can touch and feel them, shoplifting has gone up and the shops underwrite the price.
We're able to underwrite or price credit risk that's more accurate, and that allows us to lower the cost of credit.
No IPO means there are no investment banks to underwrite and price the offering, meaning the public markets will essentially be the only thing determining what Spotify shares will be worth when they start trading.
Private lenders- often in the lightly regulated shadow banking sector- failed royally to prudently underwrite loans, price risk and disclose information to insurers, investors, borrowers and regulators.
According to advice provided by lenders and industry experts to the U.S. Government Accountability Office, some of the key factors that lenders use to underwrite and price their loans include program length (for example, two-year versus four-year program), type of school, school graduation rates and schools' cohort default rates.
