Learn English Irregular Verbsunderwrite /ʌndəˈrʌɪt/
- 1 agree to financially support an activity, business plan etc and take responsibility for paying any costs if it fails:
The foundation agreed to underwrite a trial seminar with a grant of half a million dollars.
The government was willing to underwrite the construction of a plane. - 2 to agree to buy shares that are not bought by the investors when new shares are offered for sale:
A company will usually, but not always, have its rights issue underwritten by an investment bank.
Past simple
- underwrote
- underwrit
Past participle
- underwritten
- underwrit
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