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The Collaborative International Dictionary of English v.0.48:

Underwriting \Un"der*writ`ing\, n. The business of an underwriter, [1913 Webster]
The Collaborative International Dictionary of English v.0.48:

Underwrite \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. [1913 Webster] What addition and change I have made I have here underwritten. --Bp. Sanderson. [1913 Webster] 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. [1913 Webster] The broker who procures the insurance ought not, by underwriting the policy, to deprive the parties of his unbiased testimony. --Marshall. [1913 Webster]