Underwrite Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Underwrite, written in plain English, along with examples of how it is used.

What is Underwrite?

(v). Underwriting is a mode of guarantee provided for fulfillment of uncompleted events for which underwriting agreement is executed. For example when a share or bond issue is underwritten, the underwriter has an obligation to purchase the portion of shares or bond which the public has not subscribed or are unsold