Underwritten
/ˌʌndərˈrɪtn/
Definitions
- (adj.) Supported or guaranteed, especially in the context of insurance or securities, where financial risk is assumed by an underwriter.
The underwritten insurance policy ensured compensation in case of loss.
- (v.) Past participle of underwrite, meaning to agree to assume financial responsibility for a risk or to approve and finance an issue of securities.
The bank underwritten the new bond issuance last month.
Forms
- underwrite
- underwrites
- underwriting
Related terms
See also
Commentary
'Underwritten' commonly serves as the past participle adjective or verb form linked to financial guarantees and risk assumption; clarity depends on context.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.