underwrite Meaning, definition in Cambridge English Dictionary
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Meaning of "underwrite" - English Dictionary

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underwriteverb [T]

uk   /ˌʌn.dəˈraɪt/  us   /ˈʌn.dɚ.raɪt/ (underwrote, underwritten)
If a bank or other organization underwrites an activity, it gives it financial support and takes responsibility for paying any costs if it fails. specialized finance & economics If a company underwrites an insurance policy , someone's property, etc., that company has an agreement to pay out money in cases of damage or loss.
underwriter
noun [C] uk   /-ˌraɪ.tər/  us   /-ˌraɪ.t̬ɚ/
(Definition of underwrite from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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