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

There were also two unindicted co-conspirators: Individual 1 was an Australian who ran foreign companies that shuffled money around, while Individual 2 held himself out as the underwriter of the Brittingham Group's transactions. —Jay Adkisson, Forbes, 28 Mar. 2024

The lead underwriters for Reddit’s IPO are Morgan Stanley, Goldman Sachs, JPMorgan Chase and Bank of America. —Todd Spangler, Variety, 21 Mar. 2024

Their questions elicited testimony that the broker communicated with the underwriters and submitted documents on Mosby’s behalf. —Alex Mann, Baltimore Sun, 23 Jan. 2024

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

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.