underwriter
/ˈʌndərˌraɪtər/
noun
- A person or company that evaluates and assumes the risk of another party, especially in insurance or finance, in exchange for a fee or premium.
- An underwriter for the bank assessed the loan request before it was granted.
- The company hired an underwriter to manage the risk of their new investment fund.
- The insurance underwriter reviewed my application and approved the policy.
- A person or organization that agrees to buy any unsold shares in a new stock or bond issue, guaranteeing the issuer a certain amount of capital.
- The underwriter helped the startup raise millions by guaranteeing the sale of its shares.
- The investment bank acted as the underwriter for the company's initial public offering.
- Each underwriter committed to purchasing a portion of the bonds if they were not sold to the public.