underwriter

noun

un·​der·​writ·​er ˈən-dər-ˌrī-tər 

ˈən-də-

1

: one that underwrites : guarantor

2

a

: one that underwrites a policy of insurance : insurer

b

: one who selects risks to be solicited or rates the acceptability of risks solicited

3

: one that underwrites a security issue

Examples of underwriter in a Sentence

Recent Examples on the Web

In addition, Alta has granted the underwriters a 45-day option to purchase up to an additional 195,000 ordinary shares solely to cover over-allotments, if any, at the initial public offering price, less the underwriting discount. —Kansas City Star, 3 Apr. 2024

Insurance Insider reported that Chubb was the lead underwriter for the policy. —Sinead Cruise, USA TODAY, 28 Mar. 2024

In addition, Reddit has granted underwriters a 30-day option to purchase up to an additional 3.3 million shares of stock at the IPO price. —Todd Spangler, Variety, 21 Mar. 2024

The underwriters testified that their companies relied on the information Mosby provided in the application in deciding to lend her money. —Alex Mann, Baltimore Sun, 30 Jan. 2024

Eventually, Individual 2 pretended to be Brittingham Group's underwriter who would also tell victims that their investments were safe and their money was on its way. —Jay Adkisson, Forbes, 28 Mar. 2024

With little clarity on when the Port of Baltimore would reopen, insurers and analysts are now assessing the likely losses borne by underwriters across several product lines including property, cargo, marine, liability, trade credit and contingent business interruption. —Sinead Cruise, USA TODAY, 28 Mar. 2024

In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 195,000 ordinary shares from the Company to cover any over-allotments at the public offering price, less the underwriting discount. —Miami Herald, 28 Mar. 2024

Jeenah Moon/The New York Times/Bloomberg via Getty Images Fan also briefly knocked many of the claims Trump made, noting that they're not required to find just one underwriter to provide the entire bond, but instead can combine multiple sureties for the full total. —Graham Kates, CBS News, 20 Mar. 2024

Word History

First Known Use

1622, in the meaning defined at sense 1

Legal Definition

underwriter

noun

un·​der·​writ·​er ˈən-dər-ˌrī-tər 

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 underwrites a security issue compare issuer

Note: The Securities Act of 1933 requires dealers, issuers, and underwriters to file registration statements for the securities that they sell.