underwrite
verb
  1. to accept responsibility for something

  2. to insure, to cover a risk

    Example

    to underwrite an insurance policy

  3. to agree to pay for costs

    Example

    The government has underwritten the development costs of the project.

    (Note underwriting - underwrote - has underwritten)

"...under the new program, mortgage brokers are allowed to underwrite mortgages and get a much higher fee" [Forbes Magazine]

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