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Meaning of UNDERWRITE

Pronunciation:  `undur'rIt

 
WordNet Dictionary
 
 Definition: 
  1. [v]  guarantee financial support of; "The opera tour was subvented by a bank"
  2. [v]  protect by insurance; "The insurance won't cover this"
 

UNDERWRITE is a 10 letter word that starts with U.

 

 Synonyms: cover, insure, subvent
 
 See Also: guarantee, indemnify, reinsure, undertake, warrant

 

 

Webster's 1913 Dictionary
 
 Definition: 
  1. \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.
    
    
  2. \Un`der*write"\, v. i.
    To practice the business of insuring; to take a risk of
    insurance on a vessel or the like.
    
    
 

 

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