Definition of underwrite
underwroteplay \ˈən-də(r)-ˌrōt, ˌən-də(r)-ˈrōt\;
underwrittenplay \ˈən-də(r)-ˌri-tən, ˌən-də(r)-ˈri-tən\;
underwritingplay \ˈən-də(r)-ˌrī-tiŋ, ˌən-də(r)-ˈrī-\
1 : to write under or at the end of something else
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
3 : to subscribe to : agree to
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
: to work as an underwriter
Examples of underwrite in a Sentence
a university willing to underwrite an archaeological expedition
Recent Examples of underwrite from the Web
The project is underwritten by Cook Children’s Medical Center through the support of Bank of America, but the Star-Telegram retained complete control of editorial content.
Volunteers are needed to organize and recruit teams, seek community support, underwrite, coordinate logistics, find refreshments and prizes, plan entertainment, and lend their support in any way.
Chagrin High School student Trevor Gravely of Bentleyville received a $2,500 scholarship underwritten by Cleveland's Parker Hannifin Foundation.
Some legislators have suggested the tribal operators of Foxwoods Resort Casino and Mohegan Sun should be required to invest in the XL or at least underwrite some shows should the state allow the tribes to build a satellite casino in East Windsor.
State and local tax breaks worth $80 million helped underwrite the project.
The IPO is being underwritten by Goldman, Sachs, Lazard Freres, and Bear, Stearns.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'underwrite'. Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of underwrite
UNDERWRITE Defined for English Language Learners
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
Legal Definition of underwrite
underwrote\-ˌrōt, -ˈrōt\ play
underwritten\-ˌrit-ən, -ˈrit-ən\ play
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 : 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)
3a : to put up funds for or guarantee financial support of b : to assess the risk of (as a loan)
Seen and Heard
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