underwriter
(redirected from Houses of Issue)Also found in: Dictionary, Thesaurus, Financial.
underwriter
n. a company or person which/who underwrites an insurance policy, issue of corporate securities, business, or project. (See: underwrite)
UNDERWRITER, insurances. One who signs a policy of insurance, by which he
becomes an insurer.
2. By this act he places himself as to his responsibility, in the place
of the insured. He may cause a re-insurance (q.v.) to be made for his
benefit; and it is his duty to act with good faith, and, without quibbling,
to pay all just demands against him for losses. Marsh. Ins. 45,