Definition of sub-underwriter in English:

sub-underwriter

noun

Finance

See sub-underwrite

  • ‘Private speculative flows, hitherto supportive of the greenback on the perception that the official sector in effect acted as ‘dollar sub-underwriter of last resort’, would likely cut and run as well.’
  • ‘Japan has in effect acted as America's leading sub-underwriter.’
  • ‘In most cases the rights issue or initial public offering was fully subscribed and the primary underwriters and the sub-underwriters received their commission without any further obligation.’
  • ‘Meanwhile, Balnave is doing the business for a 5 per cent fee, out of which 3 per cent will be paid to the sub-underwriters.’
  • ‘When there is such a deal, underwriters subscribe the bonds by open bidding and then distribute them to sub-underwriters.’