- 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
* * *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 them2. 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 it3. INSURANCE a person who agrees to accept the risk of any loss under an insurance contract:
• one of the country's foremost insurance underwritersmaˌrine ˈunderwriter INSURANCEa person or company that makes marine insurance contracts
* * *► See Lead Manager/Underwriter.
* * *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.
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