underwriting

(redirected from Underwriting agreement)
Also found in: Medical, Financial, Acronyms.
Related to Underwriting agreement: underwritings

un·der·write

 (ŭn′dər-rīt′)
v. un·der·wrote (-rōt′), un·der·writ·ten (-rĭt′n), un·der·writ·ing, un·der·writes
v.tr.
1.
a. To assume financial responsibility for; agree to pay the costs of: underwrite a theatrical production.
b. To supply with funding, especially as a sponsor: underwrite a public television show.
2.
a. To sign (an insurance policy) so as to assume liability in case of specified losses.
b. To insure.
c. To insure against losses totaling (a given amount).
3.
a. To guarantee the purchase of (a full issue of stocks or bonds).
b. To agree to buy the unsold part of (stock not yet sold publicly) at a fixed time and price.
4.
a. To write under or at the end of something.
b. To subscribe to, especially to sign or endorse (a document).
5. To support or agree to (a decision, for example).
v.intr.
To act as an underwriter, especially to issue an insurance policy.

underwriting

(ˈʌndəˌraɪtɪŋ)
n
1. (Banking & Finance) finance the act of undertaking to purchase at an agreed price any unsold portion of a public issue of shares etc
2. (Banking & Finance) the act of accepting financial responsibility for a commercial project or enterprise
3. (Insurance) insurance the act of signing and issuing an insurance policy, thus accepting liability if specified losses occur
4. (Insurance) insurance the act of insuring a property or risk
5. (Insurance) insurance the act of accepting liability up to a specified amount in an insurance policy
References in periodicals archive ?
Nex Kiwi had informed GBM that it has decided to terminate its underwriting agreement (announced to ASX on 10 May 2019).
In a regulatory filing earlier, Insmed reported that, as previously announced, the company and William Lewis, Chairman and CEO, referred to as the "selling shareholder", entered into an underwriting agreement, dated May 21, with Morgan Stanley, SVB Leerink and Goldman Sachs as managers of the underwriters, pursuant to which the company agreed to sell to the underwriters, and the underwriters agreed to purchase from the company, 9,615,385 shares of common stock.
has entered into an underwriting agreement with AXA XL on its GrowPro insurance program.
Wealthbridge Acquisition Limited (NASDAQ: HHHHU) has announced that the underwriters in its initial public offering, has exercised in full their previously announced option to purchase 750,000 units to cover over-allotments, and, on February 21, 2019, purchased these additional units, generating additional gross proceeds of USD 7,500,000, pursuant to the terms of the underwriting agreement, the company said.
Best-efforts underwriting -- A type of underwriting agreement in which the underwriters only agree to use their best efforts to sell the shares on the issuer's behalf.
STAMFORD, Conn.: Bamboo Insurance and XL Catlin entered into an underwriting agreement to provide property insurance in California.
The Notes would be issued under an indenture and pursuant to an underwriting agreement, the terms of which have not yet been negotiated.
The Philippines' first issuance of $200 million worth of renminbi-denominated panda bonds in China moved a step closer after the government signed the underwriting agreement with Bank of China.
So Aviva, which is not commenting on a potential investment in the Circuit, is hardly going to lose sleep if the project doesn't materialise - although a Welsh Government underwriting agreement would make an investment more appealing.
EFG Hermes also said that it will sell the remainder of its holding in Credit Libanais at the same price next year via an underwriting agreement.
The selling stockholders entered into an underwriting agreement to sell 1,573,913 shares to the underwriters named in the underwriting agreement at a price to the public of USD50.00 per share.
- Due diligence and finalisation of the underwriting agreement and sub-underwriting agreement;