underwriteverb [ T ]
uk/ˌʌn.dərˈaɪt/us/ˈʌn.dɚ.raɪt/underwrote, underwrittenIf a bank or other organization underwrites an activity, it gives it financial support and takes responsibility for paying any costs if it fails.
specialized finance & economics If a company underwrites an insurance policy, someone's property, etc., that company has an agreement to pay out money in cases of damage or loss.
Thesaurus: synonyms and related words
Insurance
- actuarial
- assessor
- assure
- bancassurance
- claim
- coverage
- deductible
- endowment policy
- excess
- green card
- guarantee
- indemnify
- insurance
- insure
- insured
- no-claims bonus
- policy
- premium
- the GISC
- uninsured
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underwriter
noun [ C ] uk/ˈʌn.dərˌaɪ.tər/us/ˈʌn.dɚˌraɪ.t̬ɚ/