underwrite Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “underwrite” in the English Dictionary

"underwrite" in British English

See all translations

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

See all translations

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

See all translations

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)
What is the pronunciation of underwrite?
Add Cambridge dictionaries to your browser to your website

“underwrite” in British English

“underwrite” in Business English

Word of the Day

procession

a line of people who are all walking or travelling in the same direction, especially in a formal way as part of a religious ceremony or public celebration

Word of the Day

I used to work hard/I’m used to working hard (Phrases with ‘used to’)
I used to work hard/I’m used to working hard (Phrases with ‘used to’)
by Kate Woodford,
February 10, 2016
On this blog, we like to look at words and phrases in the English language that learners often have difficulty with. Two phrases that can be confused are ‘used to do something’ and ‘be used to something/doing something’. People often use one phrase when they mean the other, or they use the wrong

Read More 

farecasting noun
farecasting noun
February 08, 2016
predicting the optimum date to buy a plane ticket, especially on a website or using an app A handful of new and updated websites and apps are trying to perfect the art of what’s known as farecasting – predicting the best date to buy a ticket.

Read More