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Definition of underwrite
Thanks for using this online dictionary, we have been helping millions of people improve their use of the english language with its free online services. English definition of underwrite is as below...
Underwrite
(v. i.) To
practice
the
business
of
insuring;
to take a risk of
insurance
on a
vessel
or the like.
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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..
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..
Insurer
::
Insurer
(n.) One who, or that
which,
insures;
the
person
or
company
that
contracts
to
indemnify
losses
for a
premium;
an
underwriter..
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.
Insure
::
Insure
(v. i.) To
underwrite;
to make
insurance;
as, a
company
insures
at three per
cent..
Underwriting
::
Underwriting
(n.) The
business
of an
underwriter,.
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..
Underwrite
::
Underwrite
(v. i.) To
practice
the
business
of
insuring;
to take a risk of
insurance
on a
vessel
or the like.
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..
Underwrite
::
Underwrite
(v. t.) To write under
something
else; to
subscribe.
Assurer
::
Assurer
(n.) One who
assures.
Specifically:
One who
insures
against
loss; an
insurer
or
underwriter.
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..
Underwriter
::
Underwriter
(n.) One who
underwrites
his name to the
conditions
of an
insurance
policy,
especially
of a
marine
policy;
an
insurer..
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.
Insurancer
::
Insurancer
(n.) One who
effects
insurance;
an
insurer;
an
underwriter.
Premium
::
Premium
(n.) A sum of money paid to
underwriters
for
insurance,
or for
undertaking
to
indemnify
for
losses
of any
kind..
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