underwriter

noun — 3 senses

noun

Etymology From underwrite + -er.

An entity assuming a financial risk.

Business, Insurance A person working for an insurance company who arranges and authorizes an insurance policy with a broker or insured.

Business, Finance An entity undertaking to market newly issued securities.

They were the underwriters of the company's shares, but only on a "best efforts" basis.

Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.