underwrite
B2CEFR level
45/100Rarity: uncommon
TechnicalRegister
Law verb
To guarantee the purchase of any securities left unsubscribed in an issue, assuming the risk for a fee.
Two banks agreed to underwrite the rights issue so the company was assured of the full proceeds.
Business verb
To accept financial responsibility for; to guarantee.
A syndicate of banks underwrote the share issue.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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