Underwrite
Pronunciation: /ˈʌndərˌraɪt/
Underwrite (verb)
- to agree to pay for costs or losses of something, like a project or event.
- to accept financial risk for an insurance policy, promising to pay if something happens.
- to agree to buy unsold shares in a new stock offering, ensuring the company raises money.
Examples
- The bank agreed to underwrite the new project.
- They decided to underwrite the startup's expansion.
Common collocations: underwrite a project, underwrite expenses, underwrite a policy, underwrite coverage, underwrite a bond