MIDI is an acronym that stands for Musical Instrument Digital Interface. It is a set of standards designed in the mid 1980's to allow different musical instruments (usually keyboards) communicate with one another using digital messages.
The profit an insurance company generates after paying all claims. That is, the underwriting gain is what is left over after the premiums the company collects are added to its investment income and the amount the company pays for claims on its policies is subtracted. An underwriting gain is also called an underwriting profit.
However, trading desks intending to take the underwriting exemption (âunderwriting desksâ) must also estimate RENTD, which is defined differently for underwriting and in our view poses fewer implementation challenges. Underwriting RENTD is the anticipated market demand for an underwritten dealâs securities (estimated as a monetary range).