| 单词 | underwrite |
| 释义 | underwrite underwrite // verb [+ obj] (underwrote /; AmE / underwritten //)
1 (Finance ) to agree to pay for an activity and accept financial responsibility for any losses it may make: The money raised will enable the company to underwrite new business.
2 (Insurance ) to accept responsibility for an insurance policy so that money will be paid if loss or damage as stated in the policy happens: to underwrite an insurance policy the company underwriting the risk
3 (Stock Exchange ) to agree to buy shares that are not bought by the public when new shares are offered for sale, at a fixed price and on a particular day: As the rights issue is not fully underwritten, it is likely to fail if shares fall below 25 cents. an underwriting syndicate/group
underwriting // noun [U]: The insurance company sustained underwriting losses of over $2 billion. The bank made underwriting profits of €150 million last year. |
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