underwrite

play
verb un·der·write \ˈən-də(r)-ˌrīt, ˌən-də(r)-ˈrīt\

Definition of underwrite

underwrote

play \ˈən-də(r)-ˌrōt, ˌən-də(r)-ˈrōt\;

underwritten

play \ˈən-də(r)-ˌri-tən, ˌən-də(r)-ˈri-tən\;

underwriting

play \ˈən-də(r)-ˌrī-tiŋ, ˌən-də(r)-ˈrī-\
  1. transitive verb
  2. 1 :  to write under or at the end of something else

  3. 2 :  to set one's name to (an insurance policy) for the purpose of thereby becoming answerable for a designated loss or damage on consideration of receiving a premium percent :  insure on life or property; also :  to assume liability for (a sum or risk) as an insurer

  4. 3 :  to subscribe to :  agree to

  5. 4a :  to agree to purchase (something, such as security issue) usually on a fixed date at a fixed price with a view to public distributionb :  to guarantee financial support of underwrite a project

  6. intransitive verb
  7. :  to work as an underwriter

Examples of underwrite in a Sentence

  1. a university willing to underwrite an archaeological expedition

14th Century

First Known Use of underwrite

14th century


UNDERWRITE Defined for English Language Learners

underwrite

play
verb un·der·write \ˈən-də(r)-ˌrīt, ˌən-də(r)-ˈrīt\

Definition of underwrite for English Language Learners

  • : to give money to support (something, such as a new business) and agree to be responsible for any losses if it fails

  • : to agree to pay for a certain kind of loss or damage by offering (an insurance policy)

  • : to agree to buy (shares) that are not bought by investors when the shares are first offered for sale


Law Dictionary

underwrite

play
transitive verb un·der·write \ˈən-dər-ˌrīt, ˌən-dər-ˈrīt\

Legal Definition of underwrite

underwrote

\-ˌrōt, -ˈrōt\ play

underwritten

\-ˌrit-ən, -ˈrit-ən\ play

underwriting

  1. 1a :  to assume liability for (a risk) as an insurer the insurer underwrites individuals, not the group, in franchise health insurance b :  to issue or set the terms of (an insurance policy)

  2. 2 :  to agree to purchase (all or part of a security issue) usually on a fixed date at a fixed price with the purpose or plan to resell by means of a public offering was a security brokerage firm which as part of its business underwrote speculative new issues — UFITEC, S.A. v. Carter, 135 Cal. Rptr. 607 (1977)

  3. 3a :  to put up funds for or guarantee financial support of b :  to assess the risk of (as a loan)



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