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    underwrite
    /ˌʌndəˈrʌɪt/

    verb

    • 1. sign and accept liability under (an insurance policy), thus guaranteeing payment in case loss or damage occurs: "the policy, underwritten at Lloyd's, indemnifies trustees against loss arising from wrongful acts"
    • 2. (of a bank or other financial institution) pledge to buy all the unsold shares in (an issue of new shares): "the purchase is being paid for by a share issue, which has been underwritten"

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