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Law::
underwrite (v) (: to agree to sell bonds, etc., to the public, or to furnish the necessary money for such securities, and to buy those which cannot be sold. An underwriting contract, aside from its use in insurance, is an agreement, made before corporate shares are brought before the public, that in the event of the public not taking all the shares of the number mentioned in the agreement, the underwriter will take the shares which the public do not take; “underwriting” being a purchase, together with a guaranty of a sale of the bonds – HCB)
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