(1) In security markets, the financial institution which agrees to purchase an unsubscribed new issue of securities at an agreed price on a fixed day with a view to selling it publicly, for an underwriting fee.(2) In an insurance contract, the insurer who underwrites the policy. Français: Syndicataire Español: Suscriptor, Asegurador
An intermediary between an issuer of a security and the investing public, usually an investment bank. Also, an issuer of insurance policies. see also Agreement Among Underwriters, Chartered Life Underwriter, dated date, bond circular, prospectus, distribution capability, firm commitment offering, best efforts offering, direct placement, intermediary, issue, lead underwriter, preliminary official statement, preliminary prospectus, road show, stabilization, standby commitment, underbanked.