promising to underwrite

See: promissory
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This comes in the form of promising to underwrite research or creating laws (as in New Jersey and almost in Illinois), that permit cloning, implantation, and gestation through the ninth month.
Moores,in not being allowed to buy even one of the new shares Morgan was promising to underwrite, would see his share holding dilute to a position where he'dno longer be in charge.
When the federal government created Medicaid in 1965, promising to underwrite at least half the cost of health care for the eligible poor, 49 of 50 states quickly signed up.