underwrite
/ˌʌndərˈraɪt/
verb
- To accept financial responsibility for something, especially by agreeing to pay for costs or losses if they occur; to insure or guarantee.
- Banks often underwrite large loans for companies expanding their operations.
- The insurance company agreed to underwrite the policy for the new building.
- The government decided to underwrite the cost of the research project.
- To support or guarantee something, such as an event or project, by providing money or resources.
- A group of investors will underwrite the startup's initial public offering.
- The corporation agreed to underwrite the charity's annual fundraiser.
- Several wealthy donors underwrote the entire cost of the music festival.