Underwrite (part of a liability underwritten by another)
〔财政〕转担保（为另一个人或公司所担保的部分负债作担保）
they are planning to tax pension funds' profits from sub-underwriting stock market flotations
Example sentencesExamples
An underwriting bank can enter sub-underwriting agreements with others, under which the latter agree to underwrite a certain amount of the securities.
In the seven years to 1994 the highest figure for sub-underwriting income, as a percentage of total investment income, was about 0.34 per cent.
Goldman Sachs, the arranger of the jumbo €2.4 billion loan facility for Valentia, has been unable to place some of the debt at the sub-underwriting phase of the transaction.
Last month, The Sunday Business Post revealed details of the collapse of the sub-underwriting phase of the Valentia loan transaction, in which AIB was one of the lead underwriters.
The implications of the failure of the syndicate at the sub-underwriting phase are potentially very serious for the company, its workers and its customers.
Derivatives
sub-underwriter
noun
Finance
Meanwhile, Balnave is doing the business for a 5 per cent fee, out of which 3 per cent will be paid to the sub-underwriters.
Example sentencesExamples
Private speculative flows, hitherto supportive of the greenback on the perception that the official sector in effect acted as ‘dollar sub-underwriter of last resort’, would likely cut and run as well.
In most cases the rights issue or initial public offering was fully subscribed and the primary underwriters and the sub-underwriters received their commission without any further obligation.
When there is such a deal, underwriters subscribe the bonds by open bidding and then distribute them to sub-underwriters.
Japan has in effect acted as America's leading sub-underwriter.