Definitions

1. verb

to guarantee the payment of a loan or debt, especially in return for a premium, or to agree to pay for something before it happens

“The bank agreed to underwrite the construction of the new office building.”

2. verb

to support or sponsor something financially, such as a publication or a project

“The company decided to underwrite the costs of the new documentary.”

3. noun

a guarantee of payment for a loan or other financial obligation

“The underwriting of the mortgage was handled by a reputable bank.”

4. noun

the act of guaranteeing payment for a loan or other financial obligation

“The underwriting process was complex and time-consuming.”