underwrite

Meanings

• verb

  To assume the risk or responsibility for an obligation or debt, especially by providing insurance or a guarantee.

  - "The insurance company underwrote the policy for the new building."
  - "The bank underwrote the loan for the small business."

• verb

  To provide the financial backing for an enterprise, project, or publication.

  - "The venture capitalist underwrote the startup with a large investment."
  - "The publisher underwrote the costly research for the new book."

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Pronunciation

1. /ʌndəˈɹaɪt/
   
   
   
   Source: "https://commons.wikimedia.org/w/index.php?curid=89012250"

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Rhymes

Words rhyming with underwrite
writer , lighter , righter , ighter , fighter

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Variants

List of all variants of underwrite that leads to same result
underwrite , underwrites , underwriting , underwritten , underwrote

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Etymology

origin and the way in which meanings have changed throughout history.

Originated in the late 15th century from the Old French word 'underwriter', meaning 'one who writes under' (a contract or agreement).

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. Underwriting is one of the oldest professions in the financial industry, with records dating back to the 13th century.

2. Underwriters were once called 'accepting houses' because they would accept the risk of underwriting a policy or security.

3. Underwriting is a crucial component of the IPO (Initial Public Offering) process, where underwriters help issuers sell their securities to the public.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Risk assessment: The process of evaluating the potential risks involved in an endeavor and determining the likelihood and potential impact of those risks.

2. Insurance: A contract, represented by a policy, in which an individual or entity receives financial protection against losses from an insurance company.

3. Securities underwriting: The process of helping issuers sell their securities to investors through the purchase of unsold shares and the sale of those shares to the public.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Underwriting is a crucial aspect of the insurance industry, where insurers assess risk and determine the premiums to charge based on that risk. It is also used in the context of financial securities, where underwriters help issuers sell their securities to investors.

How to Memorize "underwrite"

1. visualize
   

   - Imagine an insurance policy with your name under the 'insured' section. Visualize the underwriter as the person or company providing the financial backing and assuming the risk.

2. associate
   

   - Associate the word 'underwrite' with 'financial backing' or 'risk assumption'.

3. mnemonics
   

   - Use the mnemonic 'Underwrites Risk' to remember the meaning of underwrite.

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