UNDERWRITE • DICCIONARIO INGLES.COM • Definition of Underwrite

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/ˈəndərrˌaɪt/ Listen

verb

Underwrite v. t. (past underwrote, obs. underwrit; past part. underwritten, obs. underwrit; pres. part. underwriting)

To write under something else; to subscribe. "What addition and change I have made I have here underwritten."

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.

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Etymology of 'Underwrite'

Collaborative International Dictionary of English 0.48

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"Underwrite" Quotes from Famous Books

... the stock'olders and transfer all that money over to a special fund to buy Blue Poppy stock. We 'll 'ave to raise money anyway to work the mine like we ought to. And it 'd cost something. You always 'ave to underwrite that sort of thing. I sort of like it, even if we 'd 'ave to sell stock a little below par. It 'd keep Ohadi from getting a bad name and ...

— The Cross-Cut • Courtney Ryley Cooper

... pretty satisfactory test," declared Ned. "If you want to form a stock company, Tom, and put your aerial fire-fighting apparatus on the market, I'll guarantee to underwrite the securities." ...

— Tom Swift among the Fire Fighters - or, Battling with Flames from the Air • Victor Appleton

... most emphatically to deny. But the chief interest attached to this building is that it is here the celebrated association known as 'Lloyd's' has its offices—that Lloyd's, whose name is familiar as a household word in every country the sea touches, and who underwrite the maritime ventures of every commercial nation of the globe. Very marvellous has been the rapid development of this gigantic institution, from the small beginnings of a few persons meeting in a coffee-house, till now, when it may be said well-nigh to monopolise ...

— Chambers's Edinburgh Journal, No. 420, New Series, Jan. 17, 1852 • Various

... limitations of general segregation policy, the Navy treated black officers with scrupulous fairness during the war. The Bureau of Naval Personnel insisted they be given the privileges of rank in wardroom and ashore, thus crushing an attempt by authorities at Great Lakes to underwrite a tacit ban on the use of the officers' club by Negroes. In fact, integration proved to be more the rule than the exception in training black officers. The small number of black candidates made segregated classes impractical, and after graduation ...

— Integration of the Armed Forces, 1940-1965 • Morris J. MacGregor Jr.

... earnings. It was understood that the Marquis was to secure a mail contract from the Post-Office Department effective with the running of the first stage sometime in June. Packard attached his name to the document, and waited for the money which the Marquis had agreed to underwrite to set the organization ...

— Roosevelt in the Bad Lands • Hermann Hagedorn