It is now believed that Munch was inspired by a mummy that he had seen at an exhibition in Paris. The artist used the mummy as a way to recreate the feelings of fear and dread that he felt when the sky turned red.
Underwriting Fee. The compensation that an underwriter receives for placing a new issue with investors. It is calculated as a discount from the price of the new issue. For example, an issuer may sell the underwriter a bond at $990 per bond. The underwriter will then place the issue at $1,000, allowing it to make a $10 profit. This profit is the underwriting fee. It is also called a concession.
Underwriters are also a part of the initial public offering (IPO) process in the equity market, and are part of the insurance application process. Therefore, an underwriter is any entity that is responsible for evaluating and assuming another entity's risk, for a fee such as a commission, premium, spread or interest.