Scrabble Dictionary
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Scrabble US | (14 Points) | |
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Underwrite
ˌʌndəˈrʌɪt
Underwrite definitions
verb
underwrote
underwritten
underwrite
underwrites
underwriting
- sign and accept liability under (an insurance policy), thus guaranteeing payment in case loss or damage occurs
"the policy, underwritten at Lloyd's, indemnifies trustees against loss arising from wrongful acts"
- accept (a liability or risk) under the terms of an insurance policy
"the insurance companies have underwritten just over half the risk"
- (of a bank or other financial institution) pledge to buy all the unsold shares in (an issue of new shares)
"the purchase is being paid for by a share issue, which has been underwritten"
- undertake to finance or otherwise support or guarantee (something)
"they were willing to underwrite, in part, the construction of a ship"
- write (something) below something else, especially other written matter
"each subscriber should underwrite his reason for the place he allots his candidate"