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To purchase at face value would be an assault on the American taxpayer... .. To date the various federal agencies and quasi-agencies have continued to purchase, guarantee, loan against, underwrite, etc. etc. disaster debt at face value.
The federal government's decision to contribute $4.55 billion in disaster relief funds to underwrite a new system linking PATH commuter trains with downtown subway lines -- until now a distant dream -- is thus very good news.
President Bush declared parts of Virginia a disaster area, releasing money to underwrite the rescue effort.
There will be no let-up in demand for high-yield catastrophe bonds, which provide lower returns in the event of a natural disaster, and litigation finance, in which investors underwrite lawsuits that may lead to big settlements.
Thus, donations inspired by major catastrophes also helped underwrite the Red Cross's response to the more garden-variety disasters.
King, seemingly oblivious to the scope of the disaster, refused to release federal funds to the provinces to combat unemployment and underwrite relief.
Governments everywhere have compounded the problem by devising schemes to underwrite deposits to protect depositors (who have presented banks with all those highly liquid liabilities) from such disasters.
Elsewhere, governments underwrite mortgage insurance.
(Travelex agreed to underwrite the scheme).
It can also underwrite misgovernment and malfeasance.
No one will underwrite you".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com