Translation of "underwrite" - English-Traditional 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.


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.


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