Longman Dictionary of Contemporary English homepage

underwrite

 verb
     
NEW! See related topics: INSURANCE
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]
Definition from the Longman Dictionary of Contemporary English
Advanced Learner's Dictionary.
 
Dictionary pictures of the day
Do you know what each of these is called?
What is the word for picture 1? What is the word for picture 2? What is the word for picture 3? What is the word for picture 4?
Click on any of the pictures above to find out what it is called.

Explore our topic dictionary

ADVERTISING AND MARKETINGANIMALSBANKING
BIOLOGYBUSINESS BASICSCOMPUTERS
CLOTHESDAILY LIFEEDUCATION
FINANCEFOODGRAMMAR
HAIR AND BEAUTYHUMANLAW
MUSICNATURESPORT
STOCKS AND SHARESTECHNOLOGYTRADE