Underwriting

Underwriting
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. [1913 Webster]

What addition and change I have made I have here underwritten. --Bp. Sanderson. [1913 Webster]

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. [1913 Webster]

The broker who procures the insurance ought not, by underwriting the policy, to deprive the parties of his unbiased testimony. --Marshall. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

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  • underwriting agreement — USA In a registered offering, the agreement between the company and the underwriters concerning the offering of the securities. The underwriting agreement contains an agreement by the underwriter(s) to purchase the offered securities from the… …   Law dictionary

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