Topic: INSURANCE
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un‧der‧write
past tense underwrote past participle underwritten [transitive]
past tense underwrote past participle underwritten [transitive]1 formal to support an activity, business plan etc with money, and to take financial responsibility if it fails : The government has agreed to underwrite the project with a grant of £5 million.
The government has agreed to underwrite the project with a grant of £5 million.2BFI technical if an insurance company underwrites an insurance contract, it agrees to pay for any damage or loss that happens
3 technical to arrange to sell shares to investors, and to agree to buy any which are not bought by them
—underwriter noun [countable]
noun [countable]