Definitions

1. verb

to provide financial backing or support, especially for a project or business

“The company underwrote the startup’s funding, allowing it to launch its product.”

2. verb

to cover or assume responsibility for the cost or risk of something

“The government underwrote the cost of the new infrastructure project.”

3. noun

an agreement by an insurer to cover a loss or pay a sum if a specified event occurs

“The underwriting contract protected the company from financial losses.”

4. noun

the act or process of underwriting

“The team oversaw the underwriting of the project to ensure everything was done correctly.”