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Underwrite   /ˈəndərrˌaɪt/   Listen
verb
Underwrite  v. t.  (past underwrote, obs. underwrit; past part. underwritten, obs. underwrit; pres. part. underwriting)  
1.
To write under something else; to subscribe. "What addition and change I have made I have here underwritten."
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. "The broker who procures the insurance ought not, by underwriting the policy, to deprive the parties of his unbiased testimony."



Underwrite  v. i.  (past underwrote, obs. underwrit; past part. underwritten, obs. underwrit; pres. part. underwriting)  To practice the business of insuring; to take a risk of insurance on a vessel or the like.






Collaborative International Dictionary of English 0.48








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"Underwrite" Quotes from Famous Books



... Vessel of the State are unsound and the Man at the Helm is unskilful, would those great Marine Insurers, who rank among our world-famed merchant-princes—would they insure her, gentlemen? Would they underwrite her? Would they incur a risk in her? Would they have confidence in her? Why, gentlemen, if I appealed to my honourable friend upon my right, himself among the greatest and most respected of that great and much respected class, ...
— Our Mutual Friend • Charles Dickens

... Owen for the first time the title of captain. "Having undergone a thorough refit, we hope that she will require no fresh repairs for some time to come. We intend to insure her among our friends in Dublin, and they, knowing her good qualities and your careful character, would be ready to underwrite her at a moderate premium considering ...
— The Missing Ship - The Log of the "Ouzel" Galley • W. H. G. Kingston



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