Translation of "underwrite" - English-Traditional Chinese dictionary


verb [ 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.

underwriter noun [ C ] uk /ˈʌn.dərˌaɪ.tər/ us /ˈʌn.dɚˌraɪ.t̬ɚ/

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