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 .
UNDERWRITER
Meaning of UNDERWRITER in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012