UNDERWRITE
underwrite, subvention, subvent
(verb) guarantee financial support of; “The opera tour was subvented by a bank”
cover, insure, underwrite
(verb) protect by insurance; “The insurance won’t cover this”
Source: WordNet® 3.1
Etymology
Verb
underwrite (third-person singular simple present underwrites, present participle underwriting, simple past underwrote, past participle underwritten)
(transitive) To write below or under; subscribe.
(transitive, intransitive, obsolete) To subscribe (a document, policy etc.) with one's name.
(transitive) To sign; to put one's name to.
(transitive) To agree to pay by signing one's name; subscribe.
(transitive) Specifically, to assume financial responsibility for something, and guarantee it against failure.
(intransitive, insurance) To act as an underwriter.
(transitive) To support, lend support to, guarantee the basis of.
(transitive) To submit to; put up with.
Source: Wiktionary
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. B. Jonson.
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.
Definition: To practice the business of insuring; to take a risk of
insurance on a vessel or the like.
Source: Webster’s Unabridged Dictionary 1913 Edition