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underwrite

v. 1) to agree to pay an obligation which may arise from an insurance policy. 2) to guarantee purchase of all shares of stock or bonds being issued by a corporation, including an agreement to purchase by the underwriter if the public does not buy all the shares or bonds. 3) to guarantee by investment in a business or project.

See also: guarantee  guarantor  insurer  underwriter 

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The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications