define underwrite - Search
  1. Dictionary

    un·der·write
    [ˈəndə(r)ˌrīt, ˌəndə(r)ˈrīt]
    verb
    underwrite (verb) · underwrites (third person present) · underwrote (past tense) · underwriting (present participle) · underwritten (past participle)
    1. sign and accept liability under (an insurance policy), thus guaranteeing payment in case loss or damage occurs.
      • accept (a liability or risk) under an insurance policy:
        "the insurance companies have underwritten just over half the risk"
    2. (of a bank or other financial institution) pledge to buy all the unsold shares in (an issue of new securities).
      • undertake to finance or otherwise support or guarantee (something):
        "they were willing to underwrite the construction of a ship"
    3. archaic
      write (something) below something else, especially other written matter:
      "each subscriber should underwrite his reason for the place he allots his candidate"
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    verb
    1. write (something) below something else, especially other written matter:
     
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  3. The term "underwrite" originates in the 17th century when marine vessels would be underwritten for insurance risk for overseas voyages. The insurance company would sub-scribe (literally to write underneath or under-write) the policy by signing their name at the bottom of the document and acknowledging consent that the policy is in force.
    www.investopedia.com/terms/u/underwriting.asp
    Definition of underwrite verb from the Oxford Advanced Learner's Dictionary underwrite verb /ˌʌndəˈraɪt/ /ˌʌndərˈraɪt/ (specialist) Verb Forms underwrite something to accept financial responsibility for an activity so that you will pay for special costs or for losses it may make
    www.oxfordlearnersdictionaries.com/definition/engli…
     
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