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Definitions for: Underwrite [v] guarantee financial support of; "The opera tour was subvented by a bank"
[v] protect by insurance; "The insurance won't cover this"
Webster (1913) Definition: Un`der*write", v. t. [imp. Underwrote, Obs.
Underwrit; p. p. Underwritten, Obs. Underwrit; p. pr. &
vb. n. Underwriting.]
1. To write under something else; to subscribe.
What addition and change I have made I have here
underwritten. --Bp.
Sanderson.
2. 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. --B. Jonson.
The broker who procures the insurance ought not, by
underwriting the policy, to deprive the parties of
his unbiased testimony. --Marshall.
Un`der*write", v. i.
To practice the business of insuring; to take a risk of
insurance on a vessel or the like.
Synonyms: cover, insure, subvent
See Also: guarantee, indemnify, reinsure, undertake, warrant
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