GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

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Underwriter


Synonyms:acceptor, endorser, insurer, promoter, qualifier, sponsor, verifier
Filed Under: financial-banking, insurance, investments, mortgages
Tags: banking, insurance, investment, mortgage
 

Definition of underwriter

underwriter
1. A financial service provider who assesses clients for eligibility, in addition to issuing and distributing their products, which can include equity capital, credit, mortgages, or insurance.

Related Terms and Acronyms:

  • Canadian Investor Protection Fund (CIPF)   A Canadian not-for-profit that protects investors from a CIPF members' bankruptcy.
      ➥  Non-profit organization that provides investor protection for investment dealer bankruptcy.
  • captive finance company   A finance company related to a specific dealer or manufacturer.
  • issuer   A legal entity that develops, registers, and sells securities including stocks, bonds and derivatives.
  • Lloyd's of London   A market for insurance and reinsurance based in London, England where Lloyd's members, underwriters and financial backers can spread and share risk.
  • lloyd's syndicates   A group of Lloyd's of London underwriters.
  • Mortgage Broker (MB)   One who finds clients perspective lenders at generally no cost. Mortgage Brokers have a special relationship with lenders and can offer their clients the best rates and service. CanEquity goes through great lengths to ensure you are serviced by the best Mortgage Brokers in Canada.
  • secondary market   A market where financial instruments such as stocks, bonds, options and futures are bought and sold to investors.
  • underwriters association   A group of underwriters in a specific field who join together to maintain professional standards.
  • underwriting (UW)   Assessing individuals for eligibility and issuing and distributing a financial product such as insurance, equity capital or credit.
  • underwriting guide   The rules and guidelines an underwriter must follow while writing policies.

More Related Terms and Acronyms

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