underwrite
pronunciation
How to pronounce underwrite in British English:
UK [ˌʌndəˈraɪt]
How to pronounce underwrite in American English:
US [ˌʌndərˈraɪt]
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- Verb:
- guarantee financial support of
- protect by insurance
Word Origin
- underwrite (v.)
- Old English underwritan "write at the foot of; subscribe;" see under + write (v.). A loan-translation of Latin subscribere (see subscribe). Used literally at first; modern sense of "to accept the risk of insurance" (1620s) is from notion of signing a marine insurance policy. Meaning "to support by a guarantee of money" is recorded from 1890.
Example
- 1. The activity is providing a growing source of revenues for global investment banks , which underwrite and arrange the share sales .
- 2. Credit suisse ag and deutsche bank ag have won approvals for securities ventures that can underwrite offerings in shanghai and shenzhen .
- 3. No western bank agreed to hard underwrite the offers .
- 4. They can underwrite stocks and bonds , but they won 't have the licenses to trade those securities in the secondary market .
- 5. But he was dismissive of suggestions that the boj directly underwrite government bonds , and was opposed to the buying of foreign bonds to cheapen the yen artificially .