To assume financial responsibility for something, guaranteeing its success or covering potential losses. It often involves providing financial backing for a project, venture, or issuance of securities. This can range from insuring a policy to guaranteeing a loan. The act implies a significant level of risk assessment and a willingness to absorb financial burdens if things go awry. It also signifies a commitment to seeing something through to its intended outcome.
Underwrote meaning with examples
- The venture capital firm underwrote the startup's seed funding round, demonstrating their belief in the company's potential. They assessed the business plan, market analysis, and management team before committing to provide financial support. This financial backing helped the startup grow quickly and establish a large market presence.
- The insurance company underwrote the homeowner's policy, promising to cover damages caused by fire or natural disasters. The policy premiums were calculated based on risk assessment, covering things such as the home's location and the owner's credit history. If a covered event occurred, the insurer would provide financial compensation.
- The investment bank underwrote the company's initial public offering (IPO), purchasing all unsold shares. They conducted extensive market research to determine an appropriate share price and assess investor interest. The bank then took on any unsold shares to ensure the IPO's success.
- The government underwrote the cost of the public health program to ensure access to healthcare for all citizens. This financial commitment showed the government's belief in the programs value to the populace. They absorbed any unforeseen financial requirements. The action ensured that the program could remain active and available.
Underwrote Synonyms
backed financed guaranteed insured sponsored subsidized supportedUnderwrote Antonyms
canceled denied foreclosed rejected repudiated withdrewUnderwrote Crossword Answers
7 Letters
INSURED