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- Dictionaryunderwrite/ˌʌndəˈrʌɪt/
verb
- 1. sign and accept liability under (an insurance policy), thus guaranteeing payment in case loss or damage occurs: "the policy, underwritten at Lloyd's, indemnifies trustees against loss arising from wrongful acts"
- 2. (of a bank or other financial institution) pledge to buy all the unsold shares in (an issue of new shares): "the purchase is being paid for by a share issue, which has been underwritten"
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UNDERWRITE definition: 1. If a bank or other organization underwrites an activity, it gives it financial support and takes…. Learn more.
Jul 19, 2024 · Underwriting is the process through which an individual or institution takes on financial risk for a fee. Underwriters assess the degree of risk within a given business....
1. : to write under or at the end of something else. 2. : to set one's name to (an insurance policy) for the purpose of thereby becoming answerable for a designated loss or damage on consideration of receiving a premium percent : insure on life or property. also : to assume liability for (a sum or risk) as an insurer. 3.
May 1, 2023 · An underwriter is any party, usually a member of a financial organization, that evaluates and assumes another party’s risk in mortgages, insurance, loans, or investments for a fee, usually in the...
to support something that costs money by promising to pay for it, or by promising to pay if necessary to protect others who are risking their money: 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)
verb. If an institution or company underwrites an activity or underwrites the cost of it, they agree to provide any money that is needed to cover losses or buy special equipment, often for an agreed fee. [business] ...58,500 dollars to underwrite a new home. [VERB noun]
Definition of underwrite verb in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Underwrite definition: to write under or at the foot of, especially under other written matter.. See examples of UNDERWRITE used in a sentence.
a person who decides whether a bank should give an activity financial support and take responsibility for paying any costs if it fails: The second mortgage company’s internal underwriters also rejected us. The principal underwriter will determine the advisability of continuing these payments.
To underwrite is to insure or promise to be financially responsible in case of loss or damage. An insurance agent can underwrite your renter's insurance policy, which protects you if there's a fire or robbery, for example.
