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  • verb
    /ˈʌndɚˌraɪt/ -writes; -wrote /-ˌroʊt/ ; -writing
    [+ obj] formal :to give money to support (something, such as a new business) and agree to be responsible for any losses if it fails
    underwrite an expedition/project
    technical :to agree to pay for a certain kind of loss or damage by offering (an insurance policy)
    underwrite a homeowner's policy
    technical :to agree to buy (shares) that are not bought by investors when the shares are first offered for sale