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.
From Wikipedia, the free encyclopedia. Mortgage underwriting is the process a lender uses to determine if the risk (especially the risk that the borrower will default) of offering a mortgage loan to a particular borrower is acceptable.isks for the lender are of three forms: interest rate risk, default risk, and prepayment risk. There is a risk to the lender that the rate on an adjustable-rate mortgage may decrease. If this is not matched by correlated decreases in rates on the lender's liabilities, profits will suffer.