Editing Underwriting (section)

{{Short description|Financial practice supporting a contract's value}}
{{Redirect|Underwriter|the United States Navy ships|USS Underwriter|form of advertising|Underwriting spot}}
{{More citations needed|date=November 2009}}
'''Underwriting''' ('''UW''')<ref>{{Cite web|title=UW {{!}} meaning in the Cambridge English Dictionary|url=https://dictionary.cambridge.org/dictionary/english/uw|access-date=2020-10-23|website=dictionary.cambridge.org|language=en}}</ref> services are provided by some large [[financial institution]]s, such as banks, insurance companies and investment houses, whereby they guarantee payment in case of damage or financial loss and accept the [[financial risk]] for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issues of security in a [[public offering]], and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter.