Underwrites
/ˈʌndərraɪts/
Definitions
- (v.) To assume financial responsibility for a risk, often by guaranteeing payment of insurance or securities.
The insurer underwrites the policy to cover potential losses.
Forms
- underwrite
- underwritten
- underwriting
Related terms
See also
Commentary
Commonly used in insurance and securities contexts; drafting clarity benefits from specifying the nature of the risk assumed.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.