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Underwrote: meaning, definitions and examples

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underwrote

 

[ ˌʌndərˈroʊt ]

Verb
Context #1 | Verb

finance context

Underwrote refers to the process where an individual or entity takes on the financial risk associated with a particular venture, often in relation to insurance policies or securities. It involves assessing and guaranteeing financial coverage, ensuring that liabilities are managed appropriately.

Synonyms

backed, guaranteed, insured, secured

Examples of usage

  • The bank underwrote the loan for the new business.
  • He underwrote several insurance policies for his clients.
  • The investment firm agreed to underwrite the public offering.

Translations

Translations of the word "underwrote" in other languages:

🇵🇹 subscrito

🇮🇳 अंडरराइट किया गया

🇩🇪 unterzeichnet

🇮🇩 ditandatangani

🇺🇦 підписано

🇵🇱 podpisano

🇯🇵 引き受けた

🇫🇷 souscrit

🇪🇸 suscrito

🇹🇷 imzalanmış

🇰🇷 인수된

🇸🇦 موقع عليه

🇨🇿 podepsáno

🇸🇰 podpísané

🇨🇳 签署

🇸🇮 podpisano

🇮🇸 undirritað

🇰🇿 қол қойылған

🇬🇪 მოხმდურებული

🇦🇿 imzalanmış

🇲🇽 firmado

Etymology

The term 'underwrite' originates from the early 17th century, deriving from the prefix 'under-' meaning 'beneath' or 'below' and the verb 'write'. In its initial usage, it referred to the practice of writing one’s name beneath a document as a form of guarantee or accountability. This practice was prevalent in maritime insurance, where underwriters would assume the risk of loss at sea by providing coverage in exchange for a premium. Over time, the term expanded to encompass various types of risk management and financial agreements. By the 19th century, 'underwriting' became a formal term in the field of insurance, signifying the evaluator's role in assessing risk and determining appropriate premiums. Today, it is widely used in both insurance and financial sectors, illustrating the historical evolution of the terminology from a simple guarantee to comprehensive risk assessment.

Word Frequency Rank

This word's position of #34,163 indicates it's among the more rare English words. While understanding it broadens your vocabulary, focus on more common words first.