/ˈʌndəˌraɪtɪŋ/ – noun
Definition: 1. việc bảo hiểm;
2. việc bảo lãnh phát hành cổ phần.
A more thorough explanation: Underwriting is the process by which an individual or institution assumes the financial risk of another entity’s insurance policy, loan, or investment, typically in exchange for a fee or premium. In the context of securities, underwriting refers to the process of evaluating and assuming the risk of issuing new securities to the public.
Example: The underwriting process involves assessing the risk associated with insuring a particular property before issuing a policy.