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Topic: INSURANCE


underwrite

verb
     
un‧der‧write 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.
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]
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