underwrite
//ˌʌndərˈraɪt//
Verb
underwriteInfinitive
underwritePresent tense
underwrotePast tense
underwrittenPast participle
underwritingPresent participle
underwritesThird-person singular
1
To accept financial responsibility for an insurance policy, agreeing to pay for any claims made against it.
The insurance company agreed to underwrite the policy for the new building.
2
To agree to buy all the unsold shares when new shares are offered to the public.
The investment bank agreed to underwrite the company's new share issue.
3
To financially support or guarantee a project, activity, or venture.
Several major corporations agreed to underwrite the new arts festival.