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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.
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.
Dec 19, 2023 · Underwriting is the process through which an individual or institution takes on financial risk for a fee. Underwriters assess the degree of risk of insurers' business....
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]
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...
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.
the act of giving financial support for an activity, and for paying any costs if it fails: The group announced a £50 million investment in insurance underwriting. (Definition of underwriting from the Cambridge Business English Dictionary © Cambridge University Press) Examples of underwriting. underwriting.
Underwriting involves measuring risk exposure and determining the premium that needs to be charged to insure that risk. The function of the underwriter is to protect the company's book of business from risks that they feel will make a loss and issue insurance policies at a premium that is commensurate with the exposure presented by a risk.
