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to underwrite

to underwrite

4 7.5
To promise to pay for someone's loss or damage if it happens
  • verb
  • /ˌʌndərˈraɪt/
  • Specialized
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  • Before the event, we need to confirm which organization will underwrite the costs.

Examples

  • In the meantime, Governor Seabrook of South Carolina was trying to get the Commissioner of Indian Affairs to underwrite the outstanding debt of $1,800 owed by South Carolina to the Catawba.

    Academic text (1995)
  • Super-senior tranches were the biggest part of most mortgage CDOs that were underwritten by Wall Street in recent years.

    Blog text (6)
  • When lenders underwrite your loan, they calculate your insurance and property taxes as if they were paid monthly.

    Blog text (17)
  • And Lloyd's of London refuses to underwrite the Venezuela Project.

    Fiction book (1998)
  • Everything is underwritten/insured by other banks and institutions, who in turn are underwritten and insured by others.

    Blog text (26)
  • Approximately one-half of West Berlin's city government costs have been underwritten by the West German government to keep the city financially sound.

    Academic text (1991)
  • Both the insurance and reinsurance segments reported underwriting earnings against an underwriting loss in the first half of 2011.

    Blog text (26)
  • The insurance company will underwrite the damages caused by the storm.

  • He decided to underwrite the project to ensure it received the necessary funding.

Synonyms

to cover
vsto underwrite
352 1.9

To protect someone, for example by guarding them in a game

assumes financial liability specifically to guarantee compensation for losses
to insure
vsto underwrite
104 3.5

To pay a company so it will cover your losses

assumes direct liability to guarantee payment rather than just arranging protection
to indemnify
vsto underwrite
  • Formal
6 8.7

To pay someone for loss, damage, or legal costs they suffer

accepts financial responsibility beforehand to guarantee such compensation

Antonyms

423 1.6

To refuse to let someone have something

How Responsible

to underwrite
  • Specialized
4 7.5
to insure
104 3.5
to cover
352 1.9
to compensate
102 4.2

Surface Forms

underwrite infinitive
underwriting present participle
underwrites third person singular
underwrote past
underwritten past participle

Morphology

underwrite = write (opaque) = under + write

Though analyzable as under + write, the insurance sense 'to accept financial responsibility' is a specialized usage not directly predictable from the parts.

Etymology

Underwrite comes from the old practice of people writing their names under an insurance list to promise to pay for losses; under- means 'below' and write means 'to sign'. That's why to underwrite an insurance policy is to accept responsibility and promise to pay for any loss.