Verb
The word is derived from underwrite
of Underwrite
Source: Webster's dictionaryAlthough it carried no legal status, by this time Milken had gained a reputation for being able to make markets for any bonds that he underwrote. Source: Internet
The passage of a year brought little success, and Smith frantically underwrote the remaining $40,000 in May 1946. Source: Internet
Duopu disclosed that the government underwrote the cost of the exams, and therefore threatened that schools that would not refund the money to the parents would risk losing their permit to function. Source: Internet
Most of the New Deal programs were administered by the state - the federal government underwrote or expanded on existing programs at the state level. Source: Internet
The proceeds from that raid boosted the Dutch economy to the tune of €500 million in today's money and underwrote the last phase of the Eighty Years' War with Spain. Source: Internet
We decided to right-size the operation and we are calculating that while in 2008 we underwrote €85 million in business, in 2010 we are calculating that we will be writing only around €15 million in premia. Source: Internet