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]

Browse by Subjects
primary dealer
bank syndicate
house of issue
selling group
banking syndicate
See All Related Terms »

certificate of deposit
balance
customs seal
legal currency
credit rating