UNDERWRITES
Verb
underwrites
Third-person singular simple present indicative form of underwrite
Source: Wiktionary
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.
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