Definition: An underwriter is a financial professional who assesses the risk of lending money to borrowers. They work for insurance companies or other financial institutions and are responsible for evaluating credit applications, analyzing financial statements, and making decisions about whether to approve loans. Key responsibilities: Risk assessment: Reviewing credit reports, financial statements, and other documents […]

Definition: Wholesale trade is the sale of goods and services from one business entity to another business entity for resale or further manufacturing. It involves the movement of goods and services between businesses rather than directly to consumers. Key Features: Intermediary: Wholesale trade occurs between businesses, not directly between manufacturers and consumers. Bulk Sales: Wholesale […]