Translation of "underwrite" - English-Mandarin Chinese dictionary

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underwriteverb [ T ]

uk /ˌʌn.dərˈaɪt/ 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.

(银行或其他机构)为…提供财力支持并承担经济责任

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.

为…承担保险责任,为…承保

(Translation of “underwrite” from the Cambridge English-Chinese (Simplified) Dictionary © Cambridge University Press)