Underwrite: Definition and part of speech

Underwrite

  1. v. i. To practice the business of insuring; to take a risk of insurance on a vessel or the like.
  2. v. t. To write under something else; to subscribe.
  3. v. t. 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.

The word meanings were obtained from OPTED(The Online Plain Text English Dictionary), which is based on “The Project Gutenberg Etext of Webster’s Unabridged Dictionary” which is in turn based on the 1913 US Webster’s Unabridged Dictionary (See Project Gutenburg), as a text file.

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