1 sentences with 'underwrite'

Example sentences and phrases with the word underwrite and other words derived from it.

Brief definition: underwrite

To agree to support or guarantee something, especially by promising to pay for any losses or costs. In finance, it means to buy all the shares or bonds of a new issue to help a company raise money. It can also mean to approve or accept responsibility for a project or risk.

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The Great Depression began in the United States with a massive stock market crash on 24 October 1929. The ill-conceived debt cycle described above had worked well enough for most of the 1920s, while the US economy was stable and US banks were willing to underwrite new loans.

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