different between underwrite vs undergrit

underwrite

English

Etymology

From Middle English underwriten, from Old English underwr?tan (“to write at the foot of, write under, subscribe”), equivalent to under- +? write. Compare Dutch onderschrijven (“to endorse”), German unterschreiben (“to sign; endorse”).

Pronunciation

IPA^(key): /??nd??a?t/, /?nd???a?t/

Verb

underwrite (third-person singular simple present underwrites, present participle underwriting, simple past underwrote, past participle underwritten)

(transitive) To write below or under; subscribe.
(transitive, intransitive, obsolete) To subscribe (a document, policy etc.) with one's name.
(transitive) To sign; to put one's name to.
(transitive) To agree to pay by signing one's name; subscribe.
(transitive) Specifically, to assume financial responsibility for something, and guarantee it against failure.
(intransitive, insurance) To act as an underwriter.
- 1810, Samuel Marshall, Of marine insurance
  The broker who procures the insurance […] ought not, by underwriting the policy, to deprive the parties of his unbiased testimony.
(transitive) To support, lend support to, guarantee the basis of.
(obsolete, transitive) To submit to; put up with.

Derived terms

underwriter
underwriting

Translations

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undergrit

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