un·der·write /ˈʌndə(r)ˌraɪt, ˌʌndə(r)ˈ/
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.
Un·der·write, v. i. To practice the business of insuring; to take a risk of insurance on a vessel or the like.
v 1: guarantee financial support of; "The opera tour was
subvented by a bank" [syn: subvention, subvent]
2: protect by insurance; "The insurance won't cover this" [syn:
[also: underwrote, underwritten]