1. past tense of underwrite; agreed to pay for or support financially, especially by assuming liability for losses
Usage: finance; insurance
2. past tense of underwrite; agreed to buy unsold shares of a new stock or bond issue
Usage: finance; securities

Examples

• The bank underwrote the company’s expansion loan.
• Several investors underwrote the new bond issue.
• The insurance company underwrote the policy for the high-risk driver.
• A major corporation underwrote the art exhibition.
• The investment firm underwrote the startup’s initial public offering.
• The foundation underwrote the research project for three years.