underwrite Definition
- 1to support or guarantee something, especially by providing financial assistance
- 2to assume financial responsibility for an insurance policy
Using underwrite: Examples
Take a moment to familiarize yourself with how "underwrite" can be used in various situations through the following examples!
Example
The bank agreed to underwrite the construction of the new hospital.
Example
The company underwrites several charities every year.
Example
The insurance company will underwrite the policy for a premium.
underwrite Synonyms and Antonyms
Phrases with underwrite
fully underwrite
to assume full financial responsibility for something
Example
The government has agreed to fully underwrite the cost of the project.
to provide financial backing for a loan
Example
The bank will only underwrite the loan if the applicant meets certain criteria.
underwrite an IPO
to guarantee the sale of shares in a company's initial public offering
Example
The investment bank agreed to underwrite the IPO for a fee.
Origins of underwrite
from Middle English 'underwriten', meaning 'to sign at the bottom of a document'
Summary: underwrite in Brief
The verb 'underwrite' [ˌʌndəˈraɪt] means to support or guarantee something, often financially. It can also refer to assuming financial responsibility for an insurance policy. Examples include 'The bank agreed to underwrite the construction of the new hospital.' and 'The insurance company will underwrite the policy for a premium.' Phrases include 'fully underwrite,' meaning to assume full financial responsibility, and 'underwrite an IPO,' meaning to guarantee the sale of shares in a company's initial public offering.
