Legal Definition and Related Resources of Underwriter
Meaning of Underwriter
An insurer, expecially one who joins with other insurers in entering into a policy of insurance. The term is particularly used in relation to marine insurance policies which generally are subscribed to by more than on insurer. Also, the subscriber for shares of a corporation before they are offered to the public and who enter into an agreement with that corporation that in the event of the public not taking all the shares of the number mentioned in the agreement, they will take the shares which the public do not take. Such an agreement is in effect a guaranty given by the underwriters to the corporation in relation to the number of shares that will be taken up by the public.
Underwriter Alternative Definition
In insurance. The party who agrees to insure another on life or property, in a policy of insurance. He is also called the insurer.
Financial Definition of Underwriter
A party that guarantees the proceeds to the firm from a security sale, thereby in effect taking ownership of the securities. Or, stated differently, a firm, usually an investment bank, that buys an issue of securities from a company and resells it to investors.
What does Underwriting mean?
The act of reviewing and evaluating prospective insured persons for risk assessment and appropriate premium
Related Entries of Underwriter in the Encyclopedia of Law Project
Browse or run a search for Underwriter in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Underwriter in Historical Law
You might be interested in the historical meaning of this term. Browse or search for Underwriter in Historical Law in the Encyclopedia of Law.
Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Underwriter in the Legal Abbreviations and Acronyms Dictionary.
Related Legal Terms
You might be also interested in these legal terms:
Mentioned in these terms
Co-insurance, Insurance, Material Fact.
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| Resource | Description |
|---|---|
| Underwriter in the Dictionary | Underwriter in our legal dictionaries | Browse the Legal Thesaurus | Find synonyms and related words of Underwriter |
| Legal Maxims | Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law |
| Legal Answers (Q&A) | A community-driven knowledge creation process, of enduring value to a broad audience |
| Related topics | Underwriter in the World Encyclopedia of Law |
Notice
This definition of Underwriter is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.
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| https://legaldictionary.lawin.org/underwriter/ | The URI of Underwriter (more about URIs) |
Concept of Underwriting in the context of Real Property
A short definition of Underwriting: The process of analyzing both the worthiness of a potential borrower and the property involved to enable a lender to decide whether to make a loan, the amount to lend and how much to charge in interest and fees.
Concept of Underwriting in the context of Real Property
A short definition of Underwriting: The process of analyzing both the worthiness of a potential borrower and the property involved to enable a lender to decide whether to make a loan, the amount to lend and how much to charge in interest and fees.
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