American Heritage® Dictionary of the English Language, Fourth Edition
- n. One that underwrites, especially:
- n. A person or firm engaged in the insurance business.
- n. An insurance agent who assesses the risk of enrolling an applicant for coverage or a policy.
- n. One that guarantees the purchase of a full issue of stocks or bonds.
Century Dictionary and Cyclopedia
- n. One who insures, or carries on a business of insurance, especially of marine insurance.
- n. An entity assuming a financial risk.
- n. A person working for an insurance company who arranges and authorizes an insurance policy with a broker or insured.
- n. finance An entity undertaking to market newly issued securities.
GNU Webster's 1913
- n. One who underwrites his name to the conditions of an insurance policy, especially of a marine policy; an insurer.
- n. an agent who sells insurance
- n. a financial institution that sells insurance
- n. a banker who deals chiefly in underwriting new securities
“The underwriter is some strange company that sounds like a credit union.”
“If they had (although I doubt that many, if any, refinancing homeowners do), they could simply continue the house payments on the new mortgage, stiff the old lender, and upon the latter's start of foreclosure proceedings, the homeowners could file an insurance claim on their updated title policy and let the title underwriter straighten out the problem (that's why you pay for title insurance).”
“In the WSJ's January 14, 2008 article on Magnetar's strategy, Calyon was identified as the underwriter of a synthetic CDO called Cetus.”
“The program does not have a corporate underwriter, which is not unusual for news programming.”
“Calyon was identified as the underwriter of a synthetic CDO called Cetus.”
“The other joint call underwriter Macquarie is doing everything in its power, including initiating the Queensland court action to keep the project together.”
“And what if the underwriter is the same guy who owns the newspaper?”
“The remaining portion of the underwriter's over-allotment option, exercisable until January 9, 2010, entitles the underwriter to purchase up to 15,500 additional shares of Pennichuck Corporation common stock, at the same price per share as the public offering price.”
“Companies hire an advisor called underwriter to formulate the”
“In such capacity, the bank is known as the "underwriter" in a public offering and as the "initial purchaser" in an offering to qualified institutional buyers.”
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