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   underwrite

   /ˌʌndəˈrʌɪt/

   verb

   • 1. sign and accept liability under (an insurance policy), thus guaranteeing payment in case loss or damage occurs: "the policy, underwritten at Lloyd's, indemnifies trustees against loss arising from wrongful acts"
   • ▪ accept (a liability or risk) under the terms of an insurance policy: "the insurance companies have underwritten just over half the risk"
   • 2. (of a bank or other financial institution) pledge to buy all the unsold shares in (an issue of new shares): "the purchase is being paid for by a share issue, which has been underwritten"
   • ▪ undertake to finance or otherwise support or guarantee (something): "they were willing to underwrite, in part, the construction of a ship"
   • 3. write (something) below something else, especially other written matter: archaic "each subscriber should underwrite his reason for the place he allots his candidate"

   Scrabble Points: 14

   • U

     1

   • N

     1

   • D

     2

   • E

     1

   • R

     1

   • W

     4

   • R

     1

   • I

     1

   • T

     1

   • E

     1

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