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TeachMeFinance.com - explain Lloyds historic definition... Lloyds -- An association of English underwriters of marine insurance which also collects and distributes maritime intelligence. The corporation requires from each firm of underwriters security to meet its obligations. It issues "Lloyds' Register" and other publications compiled from the reports of its agents in various parts of the world. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.