underwriter

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 syndicates to bid collectively. American Banker Glossary
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A firm, usually an investment bank, that buys an issue of securities from a company and resells it to investors. In general, a party that guarantees the proceeds to the firm from a security sale, thereby in effect taking ownership of the securities. Bloomberg Financial Dictionary
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A market participant who agrees to buy a new issue at a specified price if no-one else is prepared to purchase the securities offered. The underwriter will receive commission to compensate him for the risk taken that he will have to buy an unsuccessful issue and lose money as a result. Dresdner Kleinwort Wasserstein financial glossary
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An investor or institution who/that agrees to take up the unsubscribed shares should there prove to be little demand by investors, when a new issue of shares or securities takes place. Underwriters will receive a handsome fee for taking on this risk. Financial Services Glossary
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(see underwriting) London Stock Exchange 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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  • 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 — 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… …   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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