underwrite
Meaning: To accept financial responsibility for something, especially by guaranteeing payment in the event of loss; also, to support or guarantee a venture financially.
In insurance, an underwriter assesses risk and decides whether to offer coverage and at what premium. In investment banking, underwriting involves guaranteeing the sale of a new share issue. More broadly, the term means to provide financial backing for a project or initiative. The past tense is 'underwrote' and the past participle is 'underwritten.'
Examples
- Lloyd's of London underwrote the insurance policy for the new commercial development. 劳合社为该新商业开发项目承保了保险。Lloyd's de Londres suscribió la póliza de seguro del nuevo proyecto de desarrollo comercial.ロイズ・オブ・ロンドンがその新規商業開発の保険を引き受けた。로이즈 오브 런던이 그 신규 상업 개발 프로젝트의 보험을 인수했다.
- The government agreed to underwrite the cost of the infrastructure project if private investment fell short. 政府同意在私人投资不足的情况下承担该基础设施项目的费用。El gobierno accedió a garantizar el coste del proyecto de infraestructuras en caso de que la inversión privada fuera insuficiente.政府は民間投資が不足した場合にインフラプロジェクトの費用を負担することに合意した。정부는 민간 투자가 부족할 경우 인프라 프로젝트의 비용을 부담하기로 합의했다.
- The bank underwritten the share issue, guaranteeing that all unsold shares would be purchased. 该银行承销了此次股票发行,保证将购入所有未售出的股份。El banco suscribió la emisión de acciones, garantizando la compra de todas las acciones no vendidas.その銀行は株式発行を引き受け、未売却の全株式を購入することを保証した。그 은행은 주식 발행을 인수하여 미매각 주식 전량을 매입할 것을 보증했다.
Pronunciation
Usage Guide
Context: professional
Tone: neutral
Origin & History
From Old English under (beneath) + writan (to write). Originally referred to signing one's name at the bottom of a document to accept liability, a practice dating back to Lloyd's Coffee House in the 17th century.
Cultural Context
Era: Modern
Generation: All ages
Social background: Universal
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