English definition of Underwrite

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Definition of underwrite

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Underwrite (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..

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Abandonment :: Abandonment (n.) The relinquishment by the insured to the underwriters of what may remain of the property insured after a loss or damage by a peril insured against.

Assurer :: Assurer (n.) One who assures. Specifically: One who insures against loss; an insurer or underwriter.

Underwrite :: Underwrite (v. t.) To write under something else; to subscribe.

Underwrite :: Underwrite (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..

Deviation :: Deviation (n.) The voluntary and unnecessary departure of a ship from, or delay in, the regular and usual course of the specific voyage insured, thus releasing the underwriters from their responsibility..

Lloyd''s :: Lloyd's (n.) An association of underwriters and others in London, for the collection and diffusion of marine intelligence, the insurance, classification, registration, and certifying of vessels, and the transaction of business of various kinds connected with shipping..

Premium :: Premium (n.) A sum of money paid to underwriters for insurance, or for undertaking to indemnify for losses of any kind..

Insurer :: Insurer (n.) One who, or that which, insures; the person or company that contracts to indemnify losses for a premium; an underwriter..

Underwriting :: Underwriting (n.) The business of an underwriter,.

Abandon :: Abandon (v. t.) To relinquish all claim to; -- used when an insured person gives up to underwriters all claim to the property covered by a policy, which may remain after loss or damage by a peril insured against..

Lloyd''s :: Lloyd's (n.) A part of the Royal Exchange, in London, appropriated to the use of underwriters and insurance brokers; -- called also Lloyd's Rooms..

Insure :: Insure (v. i.) To underwrite; to make insurance; as, a company insures at three per cent..

Insurancer :: Insurancer (n.) One who effects insurance; an insurer; an underwriter.

A 1 :: A 1 () A registry mark given by underwriters (as at Lloyd's) to ships in first-class condition. Inferior grades are indicated by A 2 and A 3.

Underwriter :: Underwriter (n.) One who underwrites his name to the conditions of an insurance policy, especially of a marine policy; an insurer..

Underwrite :: Underwrite (v. i.) To practice the business of insuring; to take a risk of insurance on a vessel or the like.