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