underwrite Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “underwrite” in the English Dictionary

"underwrite" in British English

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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 ​financialsupport and ​takesresponsibility for ​paying any ​costs if it ​fails. specialized finance & economics If a ​company underwrites an ​insurancepolicy, 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 Learner’s Dictionary & Thesaurus © Cambridge University Press)

"underwrite" in American English

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underwriteverb [T]

 us   /ˈʌn·dərˌrɑɪt/ (past tense underwrote  /ˈʌn·dərˌroʊt/ , past participle underwritten  /ˈʌn·dərˌrɪt·ən/ )
to ​support something that ​costsmoney by ​promising to ​pay for it, or by ​promising to ​pay if ​necessary to ​protectothers who are risking ​theirmoney: The ​museum show was ​largely underwritten by a ​grant from the ​government of Sweden.
(Definition of underwrite from the Cambridge Academic Content Dictionary © Cambridge University Press)

"underwrite" in Business English

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underwriteverb [T]

uk   us   /ˌʌndəˈraɪt/ (underwrote, underwritten)
FINANCE to give an ​activityfinancialsupport and take ​responsibility for ​paying any ​costs if it ​fails: He underwrote a friend's ​developmentcompany in New York. Many ​businesses have underwritten the ​event.
INSURANCE if a ​company underwrites an ​insurancepolicy or someone's ​property, it ​agrees to ​pay out ​money in ​cases of ​damage, ​loss, etc.: Why should ​insurancecompanies underwrite ​policies for ​peoplemoving into ​areas that have a high ​probability of wildfires?
STOCK MARKET if a ​financialorganization underwrites new ​shares when they are ​offered for ​sale, it ​agrees to ​buy any ​shares that are not ​sold: The ​firm underwrote $12 ​billion of securities last ​year. The ​rightsissue is fully underwritten.
(Definition of underwrite from the Cambridge Business English Dictionary © Cambridge University Press)
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“underwrite” in British English

“underwrite” in Business English

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