Underwrite word meaning and definition

[verb] guarantee financial support of; "The opera tour was subvented by a bank"
[verb] protect by insurance; "The insurance won't cover this"

\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. What addition and change I have made I have here underwritten. --Bp. Sanderson. 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. The broker who procures the insurance ought not, by underwriting the policy, to deprive the parties of his unbiased testimony. --Marshall.
\Un`der*write"\, v. i. To practice the business of insuring; to take a risk of insurance on a vessel or the like.

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