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Two officers who cleaved the tallies written by the clerk of the tallies, and read the same, that the clerk of the pell and comptrollers thereof might see their entries were true. They also made searches for records in the treasury, and had the custody of Domesday Book. Cowell. The office is now abolished. … [Read more...] about UNDER-CHAMBERLAINS OF THE EXCHEQUER

To provide a guarantee that all the shares of an initial public offering or issuance of stock will be purchased by the public or covered by an underwriter. A guarantee of an investment. … [Read more...] about UNDERWRITE

When an insured person does not have sufficient coverage to meet the needs of damages that result from an accident or for coinsurance requirements. … [Read more...] about UNDERINSURANCE

(A) insurances. One who signs a policy of insurance, by which he becomes an insurer. 2. By this act he places himself as to his responsibility, in the place of the insured. He may cause a re-insurance to be made for his benefit; and it is his duty to act with good faith, and, without quibbling, to pay all just demands against him for losses. (B) An insurer, a person or entity … [Read more...] about UNDERWRITER

Lat. In Roman law. An ounce; the twelfth of the Roman "as," or pound The twelfth part of anything; the proportion of one-twelfth. 2 Bl. Comm. 462, note tn. … [Read more...] about UNCIA