underwriter Definition
- 1a person or company that provides financial support for an activity, organization, or project, especially by agreeing to buy any unsold shares in a public offering of stocks or bonds
- 2a person or company that assesses and evaluates risks and sets premiums for insurance policies
Using underwriter: Examples
Take a moment to familiarize yourself with how "underwriter" can be used in various situations through the following examples!
Example
The investment bank acted as the lead underwriter for the IPO.
Example
The underwriter assessed the risk of insuring the property and set the premium accordingly.
Example
The underwriter agreed to purchase any unsold shares in the public offering.
underwriter Synonyms and Antonyms
Phrases with underwriter
the main underwriter responsible for organizing and managing a public offering of securities
Example
The investment bank acted as the lead underwriter for the IPO.
underwriter's knot
a knot used to secure a line to an anchor or other object, named after the practice of underwriters tying knots to secure cargo on ships
Example
The sailor tied an underwriter's knot to secure the boat to the dock.
underwriter's laboratory
a global safety consulting and certification company that tests and certifies products for safety and performance
Example
The electronics manufacturer sent their product to the underwriter's laboratory for safety testing.
Origins of underwriter
from 'underwrite', meaning 'to sign one's name below (something written)'
Summary: underwriter in Brief
An 'underwriter' [ˈʌndəraɪtər] is a person or company that provides financial support for an activity, organization, or project, especially by agreeing to buy any unsold shares in a public offering of stocks or bonds. It can also refer to a person or company that assesses and evaluates risks and sets premiums for insurance policies. Examples include 'The investment bank acted as the lead underwriter for the IPO.' and 'The underwriter assessed the risk of insuring the property and set the premium accordingly.'
