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



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Word of the Day

22 December 2024

SUNGLASSES

(noun) (plural) spectacles that are darkened or polarized to protect the eyes from the glare of the sun; “he was wearing a pair of mirrored shades”


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Coffee Trivia

Coffee starts as a yellow berry, changes into a red berry, and then is picked by hand to harvest. The red berry is de-shelled through a water soaking process and what’s left inside is the green coffee bean. This bean then dries in the sun for 3-5 days, where it is then packed and ready for sale.

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