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Finance Dictionary and Glossary of Investment Terms
underwrite
Definition 1.
To assume risk, as when offering an policy or bringing a corporation's new securities issue to the public; in the latter case, the term originally applied only to firm commitment offerings, but is now used for all offerings.
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Definition 2.
To guarantee, as to guarantee the issuer of securities a specified price by entering into a purchase and sale agreement. To bring securities to market.
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