[uhn-der-tey-ker for 1; uhn-der-tey-ker for 2]
a person who undertakes something.

1350–1400; Middle English; see undertake, -er1

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
undertaker (ˈʌndəˌteɪkə)
a person whose profession is the preparation of the dead for burial or cremation and the management of funerals; funeral director

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Word Origin & History

c.1400, "a contractor or projector of any sort," agent noun from undertake (q.v.). The specialized sense (1698) emerged from funeral-undertaker.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
The street as a playground is a heavy contributor to the undertaker's bank
  account in more than one way.
He speaks in short, elliptical snatches and views life with the detached
  outlook of an undertaker.
The film treats the emptiness of her life with the delicacy of an undertaker.
Her first client was an undertaker, for whom she did collections.
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