underwrote
Assumed the risk
Underwrote is the past tense of underwrite.
To underwrite is to assume financial responsibility for something—especially to guarantee payment on an insurance policy or to fund a venture: The foundation underwrote the cost of the exhibition.
In securities, underwriters purchase an entire issue to resell: Goldman Sachs underwrote the IPO.
The word suggests backing something with money and taking on its risk.
Aid or sponsorship
- fundingSupplying monetary resources
- patronageSupporter's financial backing
- sponsorshipFunded endorsement arrangement
- financedSupplied money for
supported · bankrolled · subsidized · guaranteed · enabled · facilitated · venture · project
Adopted principle of action
- coverageExtent of inclusion
- premiumAdded cost for better
- claimStatement of ownership or truth
- reinsuranceInsurers insuring themselves
actuary · beneficiary · liability · indemnity · risk assessment · policyholder · insured · deductible
Borrowed money repaid later
- mortgageSecured home loan
- creditRecognition or payment deferral
- debtMoney owed another
- lenderOne who loans money
borrower · principal · interest · collateral · creditworthiness · approval · financing · amortization
Ties that unite
- securitiesTradeable financial assets
- stocksOwnership stakes or inventory
- IPOFirst public stock offering
- issuanceOfficial release or distribution
offering · prospectus · syndicate · flotation · shares · equity · capital markets · investment bank
backing
Aid or sponsorship
- fundingSupplying monetary resources
- patronageSupporter's financial backing
- sponsorshipFunded endorsement arrangement
financed · supported · bankrolled · subsidized · guaranteed · enabled · facilitated · venture · project · expedition
policy
Adopted principle of action
reinsurance · actuary · beneficiary · liability · indemnity · risk assessment · policyholder · insured · deductible · adjuster
loan
Borrowed money repaid later
lender · borrower · principal · interest · collateral · creditworthiness · approval · financing · amortization · refinancing
bonds
Ties that unite
- securitiesTradeable financial assets
- stocksOwnership stakes or inventory
- IPOFirst public stock offering
issuance · offering · prospectus · syndicate · flotation · shares · equity · capital markets · investment bank · placement