UNDERWRITING

Verb

underwriting

present participle of underwrite

Noun

underwriting (plural underwritings)

The act of something being underwritten financially.

Source: Wiktionary


Un"der*writ`ing, n.

Definition: The business of an underwriter,

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



RESET




Word of the Day

28 October 2024

BOHEMIA

(noun) a group of artists and writers with real or pretended artistic or intellectual aspirations and usually an unconventional life style


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Coffee Trivia

According to Guinness World Records, the largest collection of coffee pots belongs to Robert Dahl (Germany) and consists of 27,390 coffee pots as of 2 November 2012, in Rövershagen, Germany.

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