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Definition of Writer
The seller of an option, usually an individual, bank, or company, that issues the option and
A party that guarantees the proceeds to the firm from a security sale, thereby in effect taking
Firm that buys an issue of securities from a company and resells it to the public.
See investment banker.
This could be the person (broker or agent) who helps you choose the proper type of life insurance or disability insurance and the insurance company for your particular needs. This could also be the person at the insurance company's head office who reviews your application for coverage to determine whether or not the insurance company will issue a policy to you.
Person that uses various types of evidence to evaluate the insurability of a client.
An arrangement whereby a security issue is canceled if the underwriter is unable
The receipt of an exercise notice by an options writer that requires the writer to sell (in the case
A method of securities distribution/ underwriting in which the securities firm agrees to sell
The managing underwriter for a new issue. The book runner maintains the book of securities sold.
Security issue where one or two underwriters buy the entire issue.
A term signifying the extent an underwriter's commitment in a new issue, e.g., major bracket or
A swaption in which the buyer has the right to enter into a swap as a fixed-rate payer. The
Underwriters, actual or potential, often seek out and "circle" investor interest in a new issue before
The risk that the other party to an agreement will default. In an options contract, the risk
A short call option position in which the writer owns the number of shares of the underlying
A put option position in which the option writer also is short the corresponding stock or has
Option that allows the underwriter for a new issue to buy and resell additional shares.
The fraction of the gross proceeds of an underwritten securities offering that is paid as
Financial intermediaries who perform a variety of services, including aiding in the sale of
Margin requirement (Options)
The amount of cash an uncovered (naked) option writer is required to
An offering of securities for which the terms, including underwriters' compensation,
Situation in which the terms of an offering are determined by negotiation between the issuer
Also called the option writer , the party who grants a right to trade a security at a given price in
Investors are not able to buy all of the shares or bonds they want, so underwriters must
The sale of registered securities by the issuer (or the underwriters acting in the interests of the
A financial tool in which the buyer has the right, or option, to enter into a swap as a floatingrate
In a purchase and sale, the yield to maturity at which the underwriter offers to sell the bonds
1) The gap between bid and ask prices of a stock or other security.
In a rights issue, agreement that the underwriter will purchase any stock not purchased by investors.
Amount paid to an underwriter who agrees to purchase any stock that is not subscribed to the
Brokers, dealers, underwriters, and other knowledgeable members of the financial community; from
Options on interest rate swaps. The buyer of a swaption has the right to enter into an interest rate
A fee paid to an underwriter in connection with an underwritten rights offering or an
Advertisement listing the underwriters to a security issue.
A short call option position in which the writer does not own shares of underlying stock
A short put option position in which the writer does not have a corresponding short stock
Acting as the underwriter in a purchase and sale.
A group of investment banks that work together to sell new security offerings to
Difference between public offer price and price paid by underwriter.
Middleman between a corporation issuing new securities and the public. The middleman buys the securities issue outright and then resells it to customers. Also called an underwriter.
This is a telephone interview of the person applying for life insurance conducted by someone from the underwriting department of the insurance company. Some insurance companies only sporadically contact applicants and some contact every applicant. On average the interview lasts between 15 to 30 minutes. The questions asked relate to personal habits (like smoking and alcohol consumption) and finances, including income and net worth, confirmation of employment, duties and the nature of the applicant's business. In addition, there are questions about driving, sports, aviation and currently held insurance. All information obtained is strictly confidential and is submitted solely to the underwriter for review.
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