Underwrite: meaning, definitions and examples
๐ฐ
underwrite
[ หสndษrหraษชt ]
insurance industry
Underwrite means to assume financial responsibility for a risk or venture. In the insurance industry, underwriters evaluate the risk factors involved in insuring a person or asset and determine the premium to be charged.
Synonyms
Which Synonym Should You Choose?
Word | Description / Examples |
---|---|
underwrite |
Used in financial contexts, particularly when referring to the act of agreeing to take on the risk of an investment or loan, often by a financial institution.
|
insure |
Specifically refers to providing insurance, which means offering financial protection against potential future losses or damages.
|
guarantee |
Used when someone or something assures the fulfillment of a condition or the quality of a product. It implies a promise or assurance, often formal or legal.
|
back |
Commonly used in general language when someone supports or funds a project, person, or idea.
|
Examples of usage
- Insurance companies underwrite policies to determine the level of risk involved.
- The underwriter decided to approve the insurance application based on the risk assessment.
- The underwriting process involves assessing the likelihood of a claim being made.
- Investment banks also underwrite securities offerings for companies looking to raise capital.
- Underwriting involves analyzing data to make informed decisions about risk.
finance
In finance, underwrite refers to the process of guaranteeing a minimum level of proceeds from a security offering. Underwriters commit to purchasing unsold shares to ensure the success of the offering.
Synonyms
Which Synonym Should You Choose?
Word | Description / Examples |
---|---|
underwrite |
Typically used in financial settings where a party, often an insurance company or a financial institution, agrees to take on the financial risk for an event or investment.
|
finance |
Used when providing the funds necessary for a specific project, business, or purchase. It is often seen in both personal and corporate contexts.
|
fund |
Commonly used to describe the allocation of money or resources towards a particular purpose, such as a project, organization, or event. It is usually in a formal or official capacity.
|
support |
A more general term that means providing assistance, which may include financial help, but can also encompass emotional or logistical support. It is versatile across different situations.
|
Examples of usage
- The investment bank underwrote the initial public offering to provide financial support.
- Underwriters play a crucial role in ensuring the success of new stock offerings.
- Companies rely on underwriters to help them raise capital through the sale of securities.
Translations
Translations of the word "underwrite" in other languages:
๐ต๐น subscrever
๐ฎ๐ณ เค เคเคกเคฐเคฐเคพเคเค
๐ฉ๐ช versichern
๐ฎ๐ฉ menjamin
๐บ๐ฆ ะณะฐัะฐะฝััะฒะฐัะธ
๐ต๐ฑ ubezpieczyฤ
๐ฏ๐ต ๅผใๅใใ
๐ซ๐ท souscrire
๐ช๐ธ suscribir
๐น๐ท sigortalamak
๐ฐ๐ท ์ธ์ํ๋ค
๐ธ๐ฆ ููุชุชุจ
๐จ๐ฟ pojistit
๐ธ๐ฐ poistiลฅ
๐จ๐ณ ๆฟไฟ
๐ธ๐ฎ zavarovati
๐ฎ๐ธ tryggja
๐ฐ๐ฟ ัะฐาัะฐะฝะดััั
๐ฌ๐ช แแแแฆแแแแ
๐ฆ๐ฟ sฤฑฤortalamaq
๐ฒ๐ฝ suscribir
Etymology
The term 'underwrite' originated in the 16th century from the Old English 'underwritan', meaning 'to sign at the bottom of a document'. Over time, it evolved to represent the act of assuming financial responsibility for a risk or venture. The concept of underwriting has since become integral to the insurance and finance industries, shaping the way risks are assessed and managed.
See also: overwrite, rewrite, underwriter, writ, write, writer, writers, writing, written.
Word Frequency Rank
Positioned at #22,160, this word is part of extensive vocabulary. It's relatively rare in general usage but may be important in specific fields or formal writing.
- ...
- 22157 jailer
- 22158 interrogatory
- 22159 saturate
- 22160 underwrite
- 22161 unfathomable
- 22162 vignette
- 22163 sacredness
- ...