underwriter
/ˈʌndərʌɪtə
/noun
1A person or company that underwrites an insurance risk: none of the five main British insurance underwriters would be willing to offer cover...
- Through the quantification of fire risk, underwriters reconceptualized fire in abstract, economic terms, taming it on paper.
- I told the insurance commissioner's people the name of my underwriter.
- They surveyed 896 underwriters in 190 insurance companies to determine what premiums would insure a factory against property damage from an earthquake.
2A bank or other financial institution that pledges to buy all the unsold shares in an issue of new shares: the issues are guaranteed success as the underwriters will buy whatever is not snapped up by the market...
- This practice, they argued, was similar to the behaviour of large underwriters in the traditional IPO process.
- Figure 1 shows the number of underwriters whose average offer-to-open percentage price increase fell into a given range.
- The underwriter will tell you how much stock you have to sell.
2.1A person or company that undertakes to finance or otherwise support or guarantee something: a major underwriter of the project...
- Maybe the corporate underwriters of PBS shows are now demanding demographic ratings results, just as if these shows were on commercial networks.
- The £50,000 fellowship, which included a residency and exhibition, was to be given biennially to an artist, but the underwriter pulled out.
- The festival underwriter was a local piano company.