What's the difference between guarantee and underwrite?

Guarantee


Definition:

  • (n.) In law and common usage: A promise to answer for the payment of some debt, or the performance of some duty, in case of the failure of another person, who is, in the first instance, liable to such payment or performance; an engagement which secures or insures another against a contingency; a warranty; a security. Same as Guaranty.
  • (n.) One who binds himself to see an undertaking of another performed; a guarantor.
  • (n.) The person to whom a guaranty is made; -- the correlative of guarantor.
  • (n.) In law and common usage: to undertake or engage for the payment of (a debt) or the performance of (a duty) by another person; to undertake to secure (a possession, right, claim, etc.) to another against a specified contingency, or at all avents; to give a guarantee concerning; to engage, assure, or secure as a thing that may be depended on; to warrant; as, to guarantee the execution of a treaty.

Example Sentences:

  • (1) We are pursuing legal action because there are still so many unanswered questions about the viability of Shenhua’s proposed koala plan and it seems at this point the plan does not guarantee the survival of the estimated 262 koalas currently living where Shenhua wants to put its mine,” said Ranclaud.
  • (2) On Friday, a spokesperson for China’s foreign ministry appeared to confirm those fears, telling reporters that the joint declaration, a deal negotiated by London and Beijing guaranteeing Hong Kong’s way of life for 50 years, “was a historical document that no longer had any practical significance”.
  • (3) The Labour MP urged David Cameron to guarantee that officers who give evidence over the alleged paedophile ring in Westminster will not be prosecuted.
  • (4) A new bill, to be published this week with the aim of turning it into law by next month, will allow the government to use Britain's low borrowing rates to guarantee the £40bn in infrastructure projects and £10bn for underwriting housing projects.
  • (5) The alignment of Clinton’s Iowa team, all but guaranteeing a declaration of her official campaign before the end of next month, was coming into view amid reports that she was due to address by the end of the week controversy over her use of a private email account as secretary of state.
  • (6) Moscovici added that France wants the summit to set up a eurozone banking union, which would take on responsibility for propping up failing banks and guarantee depositors' savings across the 17 countries.
  • (7) Simple reperfusion of the infarcted myocardium, however, does not necessarily guarantee myocardial salvage, and preliminary studies have been somewhat confusing as to its beneficial effects.
  • (8) Nick Clegg and Ed Miliband accepted the Tory idea of a royal charter to establish a new press regulatory body but insisted it be underpinned in statute and said there should be guarantees of the body's independence.
  • (9) As part of the plan, the treasury and the Federal Deposit Insurance Corporation will guarantee against the "possibility of unusually large losses" on up to $306bn of risky loans and securities backed by commercial and residential mortgages.
  • (10) 5-bromo-2'-deoxyuridine (BrdU) to oligonucleotide probes guaranteed the production of labelled probes of 100% specific activity that gave consistent, reproducible results, within hours, in a rapid in situ hybridization (ISH) technique.
  • (11) Production of the vaccine basically consists in the multiplication of the working seed under standardized, well-defined conditions guaranteeing consistency of the vaccine lots.
  • (12) But he says it does not guarantee a return to sustained growth because of global forces beyond its control.
  • (13) In any halfway-awake western nation, and, to be frank, in many reaches of British national life, this would be considered an amateurish absurdity, a guarantee of eventual failure.
  • (14) The brewery kept winning trophies at the Australian International Beer Awards year in, year out, yet its head brewer refused to send beer east until he could guarantee refrigerated transport.
  • (15) The U.S. also needs significant regulatory and financial support, including "billions in loan guarantees," the report said.
  • (16) The content of vitamin A in the calf-rearing milk feed mixture guarantees its sufficient level in the blood of healthy calves.
  • (17) The guarantee he gives of success is, again, based on his military record, citing what has become his catchphrase : “Mission failure is not an option.” 7.
  • (18) This regulation not only guarantees the suppression of overproduction of RNA polymerase subunits but also throws light on the problem of how the syntheses of RNA polymerase and ribosome respond similarly to the shift of nutrients and temperature, but differently to the starvation for amino acids.
  • (19) I've been told that I must not give guarantees, but I can give you something."
  • (20) I gave her my personal opinion, which was that there would be no problem for her, but I was not able to give her the guarantee that I think she was entitled to deserve.” The peer reminded the House of Lords about the shock in Britain when Idi Amin expelled the Asians from Uganda.

Underwrite


Definition:

  • (v. t.) To write under something else; to subscribe.
  • (v. t.) To subscribe one's name to for insurance, especially for marine insurance; to write one's name under, or set one's name to, as a policy of insurance, for the purpose of becoming answerable for loss or damage, on consideration of receiving a certain premium per cent; as, individuals, as well as companies, may underwrite policies of insurance.
  • (v. i.) To practice the business of insuring; to take a risk of insurance on a vessel or the like.

Example Sentences:

  • (1) A new bill, to be published this week with the aim of turning it into law by next month, will allow the government to use Britain's low borrowing rates to guarantee the £40bn in infrastructure projects and £10bn for underwriting housing projects.
  • (2) The Hippocratic concept of preceptor education as an alternative has much to recommend it in replacing the present system, which underwrites the cost of student education through research grants and subsidies, but greatly neglects the continuing education of the practicing physician.
  • (3) Our presence underwrites the multi-use legacy of the stadium and our contribution alone will pay back more than the cost of building and converting the stadium over the course of our tenancy.” West Ham added in a later statement: “The worldwide draw of hosting the most popular and watched football league in the world in such an iconic venue will add value to any sponsorship and commercial agreements related to the stadium, which the public purse stands to further benefit from.
  • (4) A group of ex-miners appear to have been wooed by Osborne when he visited them ahead of a trip to the Thoresby colliery in Nottinghamshire earlier this month to announce the government would underwrite a fuel-benefit scheme.
  • (5) These insurers underwrite coverage for over 100 million people.
  • (6) What if the giant corporation such as IBM, Xerox, General Electric, General Motors, and so forth, established programs to underwrite the cost of long-term care?
  • (7) Efforts to reform the small group market include making insurance more available by restricting the use of medical underwriting to deny access, and compressing rates to make it more affordable for high-risk groups.
  • (8) He clearly does not want to bite the ministerial hand that feeds but admits changes introduced as part of the government's electricity market reform policy – such as contracts that underwrite the price of renewable and nuclear-generated power – has had a dampening effect on the market.
  • (9) Other Republicans have called on the administration to underwrite the $122bn start-up costs of 19 nuclear reactors, whose applications are now under review by the department of energy.
  • (10) She said she had attempted to get it covered but no underwriters were willing to offer insurance as there were only about 500 in the world and a suitable replacement would be likely to cost more than £30,000.
  • (11) "We've got to build more homes – that means changing the planning laws, and at the same time underwriting the purchase and the construction of homes – we're doing that.
  • (12) Axa's claims and underwriting director then became involved and, with some persuading from us, you and he had a conversation about the discrepancies in your two stories.
  • (13) He added that the three new risks were the US, where corporate debt underwriting standards were "weakening rapidly"; the possibility that a flood of cheap money from developed countries could de-stabilise emerging markets; and the dangers involved in unwinding prolonged monetary easing in America.
  • (14) The documents show that Chappell’s consortium, Retail Acquisitions, defaulted on a loan a week after buying BHS, leading to higher charges, and that his advisers explored the possibility of Green underwriting the professional fees he had to pay to buy BHS.
  • (15) Read more “The project has already used £37.4m of public money and the agreement to underwrite cancellation costs by the government could bring the bill to the taxpayer up to £46.4m,” the report said.
  • (16) As a temporary method of correction joint underwriting associations appear to be the most practical suggestion.
  • (17) Britain has contributed around £1bn to the European Financial Stability Mechanism (EFSM), but the funds have remained outside a scheme used to underwrite short-term loans to Greece following a deal between the UK and Brussels in 2010 stipulating that UK funds would only be used to protect the EU.
  • (18) And it could be a goldmine for insurance companies, able to find out everything they ever wanted to know about the risk they're underwriting.
  • (19) The increase from 1947-50 to 1961-5 in mortality during all episodes of ischaemic heart disease was the same in the doctors as in the male population of England and Wales at 45-54, but at 55-64 it was less.The results in the doctors are not due to alterations over the period in length of sickness absence, or underwriting policy, or of the nomenclature used on the certificates.Well-documented changes in the smoking habits of doctors may be partly responsible for what appears to have been a relatively favourable experience of ischaemic heart disease from 1947-50 to 1961-5, especially at ages 55-64.Incidence of duodenal ulcer at ages 35-64 declined steadily in this population of doctors from 1947-50 to 1961-5.
  • (20) In this paper I compute the actual and allowable normal underwriting profit rates in medical malpractice, as well as in other liability lines, for six large insurance companies.