Underwriting

- 6 dictionary results

un⋅der⋅write

[uhn-der-rahyt, uhn-der-rahyt]

verb, -wrote, -writ⋅ten, -writ⋅ing.

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–verb (used with object)

1.	to write under or at the foot of, esp. under other written matter.

2.	to sign one's name, as to a document.

3.	to show agreement with or to support by or as if by signing one's name to, as a statement or decision.

4.	to bind oneself to contribute a sum of money to (an undertaking): Wealthy music lovers underwrote the experimental concerts.

5.	to guarantee the sale of (a security issue to be offered to the public for subscription).

Insurance.

a.	to write one's name at the end of (a policy), thereby becoming liable in case of certain losses specified in the policy.

b.	to insure.

c.	to assume liability to the extent of (a specified sum) by way of insurance.

d.	to select or rate (risks) for insurance.

–verb (used without object)

7.	to underwrite something.

8.	to carry on the business of an underwriter.

Origin:
1400–50; late ME, trans. of L subscrībere to write underneath, sign, subscribe

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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un·der·write (ŭn'dər-rīt')

v. un·der·wrote (-rōt'), un·der·writ·ten (-rĭt'n), un·der·writ·ing, un·der·writes

v. tr.

To assume financial responsibility for; guarantee against failure: underwrite a theatrical production.
1. To sign (an insurance policy) so as to assume liability in case of specified losses.
2. To insure.
3. To insure against losses totaling (a given amount).
4. To guarantee the purchase of (a full issue of stocks or bonds).
5. To agree to buy the unsold part of (stock not yet sold publicly) at a fixed time and price.
6. To write under or at the end of something.
7. To subscribe to, especially to sign or endorse (a document).
1. To guarantee the purchase of (a full issue of stocks or bonds).
2. To agree to buy the unsold part of (stock not yet sold publicly) at a fixed time and price.
3. To write under or at the end of something.
4. To subscribe to, especially to sign or endorse (a document).
1. To write under or at the end of something.
2. To subscribe to, especially to sign or endorse (a document).
To support or agree to (a decision, for example).

v. intr.
To act as an underwriter, especially to issue an insurance policy.

The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Word Origin & History

underwrite

c.1430, loan-translation of L. subscribere (see subscribe). Used literally at first; modern sense of "to accept the risk of insurance" (1622) is from notion of signing a marine insurance policy. Meaning "to support by a guarantee of money" is recorded from 1890.

Online Etymology Dictionary, © 2001 Douglas Harper
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Financial Dictionary

Underwriting

1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt).

2. The process of issuing insurance policies.

Investopedia Commentary

The word "underwriter" is said to have come from the practice of having each risk-taker write his or her name under the total amount of risk that he or she was willing to accept at a specified premium. In a way, this is still true today, as new issues are usually brought to market by an underwriting syndicate in which each firm takes the responsibility (and risk) of selling its specific allotment.

Related Links

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Also spelled: under-writer, under writing, underwrite, underwriter, underwritting

Financial Dictionary

underwrite

To assume the risk of securities' sale by purchasing the securities from the issuer for resale to the public. Investment bankers often assume this underwriting function in order to guarantee that the issuer will receive all the funds needed from the sale. See also best-efforts basis 1, freed up, hot issue, investment banker, peg 1, standby underwriting.

Legal Dictionary

Main Entry: un·der·write
Pronunciation: '&n-d&r-"rIt, "&n-d&r-'rIt
Function: transitive verb
Inflected Forms: -wrote /-"rOt, -'rOt/; -writ·ten /-"rit-^&n, -'rit-^&noun/; -writ·ing
1 a : to assume liability for (a risk) as an insurer underwrites individuals, not the group, in franchise health insurance> b : to issue or set the terms of (an insurance policy)
2 : to agree to purchase (all or part of a security issue) usually on a fixed date at a fixed price with the purpose or plan to resell by means of a public offering underwrote speculative new issues —UFITEC, South America v. Carter, 135 California Reporter 607 (1977)>
3 a : to put up funds for or guarantee financial support of b : to assess the risk of (as a loan)

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