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v. un·der·wrote (-rōt′), un·der·writ·ten (-rĭt′n), un·der·writ·ing, un·der·writes
a. To assume financial responsibility for; agree to pay the costs of: underwrite a theatrical production.
b. To supply with funding, especially as a sponsor: underwrite a public television show.
a. To sign (an insurance policy) so as to assume liability in case of specified losses.
b. To insure.
c. To insure against losses totaling (a given amount).
a. To guarantee the purchase of (a full issue of stocks or bonds).
b. To agree to buy the unsold part of (stock not yet sold publicly) at a fixed time and price.
a. To write under or at the end of something.
b. To subscribe to, especially to sign or endorse (a document).
5. To support or agree to (a decision, for example).
To act as an underwriter, especially to issue an insurance policy.
vb (tr) , -writes, -writing, -wrote or -written
1. (Banking & Finance) finance to undertake to purchase at an agreed price any unsold portion of (a public issue of shares, etc)
2. (Banking & Finance) to accept financial responsibility for (a commercial project or enterprise)
3. (Insurance) insurance
a. to sign and issue (an insurance policy) thus accepting liability if specified losses occur
b. to insure (a property or risk)
c. to accept liability up to (a specified amount) in an insurance policy
4. to write (words, a signature, etc) beneath (other written matter); subscribe
5. to support or concur with (a decision, statement, etc) by or as if by signature
un•der•write(ˌʌn dərˈraɪt, ˈʌn dərˌraɪt)
v. -wrote, -writ•ten, -writ•ing. v.t.
1. to contribute a sum of money to guarantee the success of (an undertaking).
2. to guarantee the sale of (a security to be offered for public subscription).
a. to write one's name at the end of (a policy), thereby becoming liable in case of specified losses.
b. to insure.
c. to assume liability to the extent of (a specified sum).
4. to write under other written matter.
5. to sign one's name to.
6. to show agreement with; support.v.i.
7. to underwrite something.
8. to work as an underwriter.
[1400–50; late Middle English, translation of Latin subscrībere to write underneath, sign, subscribe]
Past participle: underwritten
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|Verb||1.||underwrite - guarantee financial support of; "The opera tour was subvented by a bank"|
|2.||underwrite - protect by insurance; "The insurance won't cover this"|
reinsure - insure again by assuming all or a part of the liability of an insurance company already covering a risk
warrant, guarantee - stand behind and guarantee the quality, accuracy, or condition of; "The dealer warrants all the cars he sells"; "I warrant this information"
indemnify - secure against future loss, damage, or liability; give security for; "This plan indemnifies workers against wages lost through illness"
cover - to take an action to protect against future problems; "Count the cash in the drawer twice just to cover yourself"