- simple past tense of underwrite.
- to write under or at the foot of, especially under other written matter.
- to sign one's name, as to a document.
- to show agreement with or to support by or as if by signing one's name to, as a statement or decision.
- to bind oneself to contribute a sum of money to (an undertaking): Wealthy music lovers underwrote the experimental concerts.
- to guarantee the sale of (a security issue to be offered to the public for subscription).
- to write one's name at the end of (a policy), thereby becoming liable in case of certain losses specified in the policy.
- to insure.
- to assume liability to the extent of (a specified sum) by way of insurance.
- to select or rate (risks) for insurance.
- to underwrite something.
- to carry on the business of an underwriter.
Origin of underwrite
Related Words for underwrotesubsidize, secure, finance, provide, bankroll, sponsor, approve, guarantee, pay, accede, okay, help, fund, float, consent, support, initial, countersign, back, sign
Examples from the Web for underwrote
Historical Examples of underwrote
- finance to undertake to purchase at an agreed price any unsold portion of (a public issue of shares, etc)
- to accept financial responsibility for (a commercial project or enterprise)
- to sign and issue (an insurance policy) thus accepting liability if specified losses occur
- to insure (a property or risk)
- to accept liability up to (a specified amount) in an insurance policy
- to write (words, a signature, etc) beneath (other written matter); subscribe
- to support or concur with (a decision, statement, etc) by or as if by signature
Word Origin and History for underwrote
early 15c., from 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.