Underwriting

2 definitions found

From The Collaborative International Dictionary of English v.0.48 [gcide]:

  Underwriting \Un"der*writ`ing\, n.
     The business of an underwriter,
     [1913 Webster]

From The Collaborative International Dictionary of English v.0.48 [gcide]:



  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.
        [1913 Webster]
  
              What addition and change I have made I have here
              underwritten.                         --Bp.
                                                    Sanderson.
        [1913 Webster]
  
     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.
        [1913 Webster]
  
              The broker who procures the insurance ought not, by
              underwriting the policy, to deprive the parties of
              his unbiased testimony.               --Marshall.
        [1913 Webster]