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Word | Underwrite |
guarantee financial support of; The opera tour was subvented by a bank / protect by insurance / To practice the business of insuring / sign and accept liability under (an insurance policy), thus guaranteeing payment in case loss or damage occurs. / to give money to support (something, such as a new business) and agree to be responsible for any losses if it fails / to agree to pay for a certain kind of loss or damage by offering (an insurance policy) / to agree to buy (shares) that are not bought by investors when the shares are first offered for sale, | |
Usage | ⇒ The shares of the company were underwritten by the Reserve Bank ⇒ a university willing to underwrite an archaeological expedition ⇒ Some are insurance policies, underwritten by insurers; whereas others are written as ‘service contracts’ in order to avoid insurance premium tax. |
Synonyms | support, endorse, guarantee, approve, back, finance, insure, confirm, sanction, sponsor, ratify, subsidize, secure, subscribe, accept, cover, fund, assure, sign, subscribe to, |
Antonyms | disapprove, invalidate, reject, disavow, refuse, repudiate, abjure, abnegate, abolish, abrogate, abstain, afflict, annul, ask, belie, bereave, betray, bother, chafe, changing, |
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