UW

Noun

underwriter (plural underwriters)

1. An entity assuming a financial risk.
2. A person working for an insurance company who arranges and authorizes an insurance policy with a broker or insured.
3. An entity undertaking to market newly issued securities.
   • They were the underwriters of the company's shares, but only on a "best efforts" basis.

Noun

underwater (plural underwaters)

1. Underlying water or body of water, for example in an aquifer or the deep ocean.
2. A type of lure which lies beneath the water surface.
   • Practically all wobbling underwaters will take fish aplenty in the hands of a man who really knows how to put them through their stints.1923, Sheridan R. Jones, Bait Casting: The Short Rod and How to Use It, page 57

See all 9 meanings of underwater