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Underwriting - Dictionary Definition and Overview |
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Underwrite \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.
Based on Webster's Revised Unabridged Dictionary
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Underwriting : \Un"der*writ`ing\, n.
The business of an underwriter,
Based on Webster's Revised Unabridged Dictionary (1913)
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