underwriter

noun
UK: /ˈʌndəˌraɪtər/
US: /ˈʌndərˌraɪtər/

  1. A person or company that assesses and assumes financial risk, especially in insurance or finance.

    1. The underwriter checked my medical history.
    2. The insurance underwriter decided to approve our loan after a careful review of our finances.

  2. A company or organization that guarantees payment in case of damage or financial loss and accepts the financial risk for liability arising from such guarantee.

    1. Our underwriter covered the damages from the flood.
    2. The bank acted as the underwriter for the new stock offering, ensuring its success.

  3. A person or company that sponsors a project or event by providing financial backing.

    1. The underwriter supported the local art festival.
    2. The corporation served as the underwriter for the public television program, allowing it to continue broadcasting.

Synonyms

insurer sponsor guarantor financier
underwriter transitive-verb

  1. To assume financial responsibility for something and guarantee its success or stability.

    1. The bank will underwrite the new project.
    2. Our firm agreed to underwrite the bond issue, ensuring sufficient capital for the development.

  2. To sign one's name to a document, thereby assuming liability.

    1. He had to underwrite the agreement himself.
    2. The CEO was required to underwrite the financial statement, certifying its accuracy and completeness.

Frequently Asked Questions

The word "underwriter" in English means: A person or company that assesses and assumes financial risk, especially in insurance or finance., A company or organization that guarantees payment in case of damage or financial loss and accepts the financial risk for liability arising from such guarantee., A person or company that sponsors a project or event by providing financial backing..

The phonetic transcription of "underwriter" is /ˈʌndəˌraɪtər/ in British English and /ˈʌndərˌraɪtər/ in American English. Click the 🔊 button to hear both pronunciations.

Synonyms for "underwriter": insurer, sponsor, guarantor, financier.

Example usage of "underwriter": "The underwriter checked my medical history.". More examples on the page.