Underwrote: meaning, definitions and examples

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.

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.

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