Edvard Munch Biography Continues In 1889, Munch traveled to Paris on a state fellowship to study in the studio of Leon Bonnat. His painting Morning (1884) was included in the Norwegian pavilion of the Exposition Universelle of that same year.
DEFINITION of 'Underwriter'. A company or other entity that administers the public issuance and distribution of securities from a corporation or other issuing body.
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.