Definition, Meaning & Synonyms
underwrote
verb
/ˌʌndərˈroʊt/
Definition
To have taken on the financial risk of an insurance policy, loan, or investment, typically by agreeing to provide the necessary funds.
Examples
- The bank underwrote the new mortgage loans for homebuyers.
- He underwrote the insurance policy to secure coverage for his business.
- The venture capital firm underwrote a significant amount for the startup.
Meaning
Underwriting involves evaluating and assuming the financial risk of a transaction or insurance policy, ensuring that the financial institutions are protected against potential losses.
Synonyms
- financed
- supported
- insured
- guaranteed
- endorsed
