Word: Underwriting
How to pronounce: ˈʌndəraɪt
Verb
Definitions:
1. Sign and accept liability under (an insurance policy), thus guaranteeing payment in case loss or damage occurs.
Example sentences: "The policy, underwritten at Lloyd's, indemnifies trustees against loss arising from wrongful acts"
2. (of a bank or other financial institution) pledge to buy all the unsold shares in (an issue of new shares)
Example sentences: "The purchase is being paid for by a share issue, which has been underwritten"
3. Write (something) below something else, especially other written matter.
Synonyms:
guarantee
insure
finance
subsidize
fund
Derivations:
underwriter
underwrite
underwriting
underwriter
Keep in Mind
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Turkish: Imzalamak
