to underwrite
- verb
- /ˌʌndərˈraɪt/
- Specialized
- 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 protect someone, for example by guarding them in a game
To pay a company so it will cover your losses
To pay someone for loss, damage, or legal costs they suffer
Antonyms
How Responsible
Surface Forms
Morphology
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.