Meaning of the word underwrite in English
What does underwrite mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
underwrite
US /ˈʌn.dɚ.raɪt/
UK /ˌʌn.dərˈaɪt/
Verb
1.
to sign and accept liability under (an insurance policy), thus guaranteeing payment in case loss or damage occurs
Example:
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The company agreed to underwrite the new insurance policy.
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Many insurers are unwilling to underwrite policies for high-risk individuals.
2.
to support financially
Example:
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The government agreed to underwrite the project with a substantial grant.
•
The bank will underwrite the bond issue.
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