underwrite
1 of 1verb/ˈʌndərˌraɪt/
Forms:underwrites,underwriting,underwrote,underwritten
1
to financially support a project, activity, etc. and take responsibility for potential loss
transitive- Investors are hesitant to underwrite new tech startups without seeing a prototype first.
- If we underwrite this venture and it fails, our company could face significant financial loss.
- Banks may choose to underwrite loans by providing financial backing for borrowers.
- The university has recently underwritten scholarship programs to support students.
- The investment firm is currently underwriting a public offering for a tech company.
Synonyms:
2
to promise to cover potential financial loss through an insurance agreement
transitive- With the unpredictable weather patterns, many homeowners found it challenging to have their properties underwritten.
- Many travelers get their trips underwritten to safeguard against unexpected cancellations.
- The company was hesitant to underwrite properties in areas prone to wildfires.
- The organization underwrote the exhibition, guaranteeing the artist's work would be protected.
- The company agreed to underwrite the construction project.