- underwriter
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un·der·writ·er /'ən-dər-ˌrī-tər/ n1 a: a person (as an individual or a company) who underwrites an insurance policy: insurerb: a person who assesses risks to be covered by an insurance policy2: a person (as an individual or company) who underwrites a security issue compare issuer◇ The Securities Act of 1933 requires dealers, issuers, and underwriters to file registration statements for the securities that they sell.
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
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n.A person, bank, insurance company, or other institution that underwrites something.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
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Another term for an insurer who assumes the risk of another's loss and compensates for the loss under the terms of an insurance policy.Category: Bankruptcy, Foreclosure & Debt → BankruptcyCategory: Business, LLCs & Corporations → Business Accounting, Bookkeeping & FinancesCategory: Business Cash Flow Problems & BankruptcyCategory: Bankruptcy, Foreclosure & Debt → Debt & Collection AgenciesCategory: Business, LLCs & Corporations → Business Tax & DeductionsCategory: Personal Finance & Retirement → Taxes → Tax AuditsCategory: Small Claims Court & Lawsuits
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
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The financial institution that agrees to purchase or to procure other institutions (called sub-underwriters) to purchase the shares to the extent that they are not sold under the offer. Most large share issues and offers by listed companies are underwritten.+ underwriterUSAGenerally, an investment bank, or other financial institution, that offers or sells securities to investors in a public offering on behalf of the company in either a firm commitment underwriting or a best efforts underwriting. The Securities Act defines underwriter much more broadly to include other participants in a distribution of securities.Related links
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
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n.a company or person which/who underwrites an insurance policy, issue of corporate securities, business or project.See also: underwrite
Law dictionary. EdwART. 2013.