Underwriter

Underwriter
A party that guarantees the proceeds to the firm from a security sale, thereby in effect taking ownership of the securities. Or, stated differently, a firm, usually an investment bank, that buys an issue of securities from a company and resells it to investors. The New York Times Financial Glossary

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underwriter un‧der‧writ‧er [ˈʌndəˌraɪtə ǁ -dərˌraɪtər] noun [countable]
1. FINANCE a financial institution that underwrites a share issue, that arranges to sell shares to investors and agrees to buy any shares that are not bought by them
2. INSURANCE a person, usually someone who works for an insurance company, who calculates the risk involved in an activity and decides how much insurance will cost to cover it
3. INSURANCE a person who agrees to accept the risk of any loss under an insurance contract:

• one of the country's foremost insurance underwriters

maˌrine ˈunderwriter INSURANCE
a person or company that makes marine insurance contracts

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underwriter UK US /ˈʌndəˌraɪtər/ US  /-dəraɪṱɚ/ noun [C]
► INSURANCE an organization, or someone working for one, that underwrites insurance policies: »

Mortgage insurance underwriters refuse coverage for loans made to borrowers with credit scores less than 575.

► STOCK MARKET a financial organization, or someone working for one, that underwrites new shares when they are offered for sale: »

The biggest underwriter was Swiss Bank Corporation in London agreeing to back one third of the shares.


Financial and business terms. 2012.

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Look at other dictionaries:

  • underwriter — un·der·writ·er / ən dər ˌrī tər/ n 1 a: a person (as an individual or a company) who underwrites an insurance policy: insurer b: a person who assesses risks to be covered by an insurance policy 2: a person (as an individual or company) who… …   Law dictionary

  • Underwriter — steht für: Underwriter (Versicherungswesen), einen zeichnungsberechtigten Mitarbeiter eines Erst oder Rückversicherers, der für seine Versicherungsgesellschaft Risiken zeichnet. Underwriter (Kreditwesen), ein Kreditinstitut oder Bankenkonsortium …   Deutsch Wikipedia

  • Underwriter — Un der*writ er, n. One who underwrites his name to the conditions of an insurance policy, especially of a marine policy; an insurer. [1913 Webster] …   The Collaborative International Dictionary of English

  • underwriter — (n.) 1610s, subscriber; insurance sense from 1620s; agent noun from UNDERWRITE (Cf. underwrite) …   Etymology dictionary

  • underwriter — [un′dərrīt΄ər] n. 1. a person who underwrites, or finances something 2. a person who underwrites issues of stocks, bonds, etc. 3. a) an employee of an insurance company who determines the acceptability of risks, the premiums that should be… …   English World dictionary

  • underwriter — The investment bank, commercial bank, or brokerage firm that works with an issuer to sell a new issue. Issuers may select underwriters by obtaining bids or on a negotiated basis. Potential underwriters may form groups called underwriting… …   Financial and business terms

  • underwriter — [[t]ʌ̱ndə(r)raɪtə(r)[/t]] underwriters 1) N COUNT An underwriter is someone whose job involves agreeing to provide money for a particular activity or to pay for any losses that are made. [TECHNICAL] If the market will not buy the shares, the… …   English dictionary

  • underwriter — Any person, banker, or syndicate that guarantees to furnish a definite sum of money by a definite date to a business or government entity in return for an issue of bonds or stock. A professional firm (e.g., investment banker) that handles the… …   Black's law dictionary

  • Underwriter — Un|der|wri|ter 〈[ʌ̣ndəraıtə(r)] m. 3; Wirtsch.〉 ein Unternehmen (Finanzinstitut, Makler) in Großbritannien, das sich verpflichtet, bei nicht vollständiger Absetzung einer Emission den Restbestand selbst zu übernehmen [engl., eigtl.… …   Universal-Lexikon

  • Underwriter — A company or other entity that administers the public issuance and distribution of securities from a corporation or other issuing body. An underwriter works closely with the issuing body to determine the offering price of the securities, buys… …   Investment dictionary

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