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18.116.10.48

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1 definition found

From: Webster's Revised Unabridged Dictionary (1913)

 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.
    The broker who procures the insurance ought not, by underwriting the policy, to deprive the parties of his unbiased testimony.   --Marshall.