Underwriter meaning

ŭndər-rītər
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One that underwrites, especially:
  • A person or firm engaged in the insurance business.
  • An insurance agent who assesses the risk of enrolling an applicant for coverage or a policy.
  • One that guarantees the purchase of a full issue of stocks or bonds.
  • A sponsor, as of a television show.
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A person who underwrites, or finances something.
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A person who underwrites issues of stocks, bonds, etc.
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An investment bank that acts as an intermediary between a company that wants to sell bonds or stocks and the public. Firm-commitment underwriting, which is done only for an underwriter’s best clients, occurs when the underwriter buys the issue and guarantees to sell a certain number of shares to investors. In order to spread the risk of purchasing the issue, the underwriter forms a syndicate, or underwriting group, made up of other investment banks. In insurance, an underwriter assumes the risks for a variety of problems such as car accidents, health problems, or death, in return for receiving premiums.
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An entity assuming a financial risk.
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A person working for an insurance company who arranges and authorizes an insurance policy with a broker or insured.
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(finance) An entity undertaking to market newly issued securities.

They were the underwriters of the company's shares, but only on a "best efforts" basis.

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