intransitive verb
Definition: To provide financial support or guarantee for a project, often in the context of insurance or investments.
Example: The company decided to underwrite the new insurance policy for small businesses.
transitive verb
Definition: To take on financial responsibility for something, such as guaranteeing a loan or insurance policy, or agreeing to buy unsold stocks at a set price.
Example: The bank decided to underwrite the new housing project to ensure its success.