underwrite verb definition in Banking topic from the Oxford Advanced Learner's Dictionary


 verb: Banking topic
1 underwrite something to accept financial responsibility for an activity so that you will pay for special costs or for losses it may make The British government ended up underwriting the entire project. The record company may underwrite the costs of a band’s first tour. 2 underwrite something to accept responsibility for an insurance policy so that you will pay money in case loss or damage happens

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