underwrites
Assumes the risk
Underwrites means to assume financial responsibility or risk.
An insurer underwrites a policy by agreeing to cover potential losses.
In finance, an investment bank underwrites a stock offering by guaranteeing to purchase unsold shares.
More broadly, to underwrite is to fund or sponsor: The foundation underwrites scholarships for low-income students.
The word suggests backing something with money or commitment.
Supplying monetary resources
- supportTo uphold or sustain
- backingAid or sponsorship
- sponsorFunder of activities
- patronRegular supporter or customer
grant · donation · philanthropy · benefactor · endowment · foundation · arts · exhibition
Adopted principle of action
- premiumAdded cost for better
- riskPossibility of harm
- coverageExtent of inclusion
- actuaryFinancial risk analyst
liability · indemnity · claims · reinsurance · Lloyd's · carrier · policyholder · exclusions
funding
Supplying monetary resources
patron · grant · donation · philanthropy · benefactor · endowment · foundation · arts · exhibition · broadcast
policy
Adopted principle of action
actuary · liability · indemnity · claims · reinsurance · Lloyd's · carrier · policyholder · exclusions · deductible
securities
Tradeable financial assets
issuance · investment bank · prospectus · syndicate · shares · capital · stock · flotation · guarantee · placement
assures
Declares something certain
endorses · backs · supports · pledges · warrants · guarantor · promises · confirms · validates · ensures
- insurance underwritersThose who assess policy risks
- loan underwritingAssessing borrower creditworthiness
underwriter, underwrite, underwriting, underwritten, underwriters, underwritings