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Meaning of underwrite
To take on financial responsibility for something, especially to guarantee payment or support for a project or undertaking.
Etymology of underwrite
The word "underwrite" originated in the 15th century from the Old English words "under" meaning "below" and "writan" meaning "to write"
Historically, the term referred to the act of writing one's name below a document, such as a contract or insurance policy, to indicate agreement or confirmation
Over time, the term evolved to encompass the concept of taking on financial responsibility or guaranteeing payment for a particular undertaking
Synonyms
Definitions
- To guarantee payment or financial support for something, especially a project or undertaking
- * To insure or indemnify someone against a particular risk or contingency
- * To sign one's name at the bottom of a document, especially to indicate agreement or confirmation
Usage Examples
- The bank agreed to underwrite the loan for the new business venture
- * The insurance company will underwrite the policy for the homeowner
- * The government will underwrite the cost of the new infrastructure project