- 1) A person who examines a risk, decides whether or not it can be insured, and, if it can, works out the premium to be charged, usually on the basis of the frequency of past claims for similar risks. Underwriters are either employed by insurance companies or are members of Lloyd's. The name arises from the early days of marine insurance, when a merchant would, as a sideline, write his name under the amount and details of the risk he had agreed to cover on a slip of paper.2) A financial institution, usually a merchant bank, that guarantees to buy a proportion of any unsold shares when a new issue is offered to the public. Underwriters usually work for a commission, and a number may combine together to buy all the unsold shares, provided that the minimum subscription stated in the prospectus has been sold to the public.3) A person who provides a guarantee for a financial transaction.
Accounting dictionary. 2014.
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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 — 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 — 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