Underwriting Standards
From Open Risk Manual
Definition
Underwriting Standards. A collection of terms and conditions under which financial institutions extend or renew credit, such as financial and collateral requirements, repayment programs, maturities, pricing, and covenants[1]
The precise composition of such standards depends on the credit product, client segment, financial market and jurisdiction that are applicable
References
- ↑ Loan Portfolio Management, Comptroller’s Handbook, April 1998
