UNDER WRITTEN Meaning and
Definition
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The term "under written" refers to a process or action involving the provision of financial support or a guarantee for an activity or venture. It is commonly used in the context of insurance, where it pertains to the act of assuming financial responsibility for potential losses.
In insurance, "underwriting" refers to the assessment of risks and determination of premiums charged to policyholders. When an insurance policy is underwritten, it means that an insurance company has agreed to provide coverage for potential claims or losses specified in the policy. The underwriter evaluates various factors such as the applicant's health, age, occupation, and lifestyle to assess the risk involved and determine the premium amount.
Furthermore, "underwriting" can also apply to investments, securities, or debt offerings. In this context, it involves the process of evaluating and taking on the financial risk associated with an investment. Underwriters assess the creditworthiness and financial stability of the issuer, set the terms and conditions of the investment, and purchase the securities or provide guarantees to ensure the success and liquidity of the offering.
Overall, "under written" denotes the act of assuming financial responsibility or risk, often through insurance or investments, by providing guarantees or coverage for potential losses. It involves the evaluation of risks, determination of premiums or terms, and the commitment of financial resources to support an activity or venture.
Common Misspellings for UNDER WRITTEN
- underwriten
- underwritten
- Underwrittan
- ynder written
- hnder written
- jnder written
- inder written
- 8nder written
- 7nder written
- ubder written
- umder written
- ujder written
- uhder written
- unser written
- unxer written
- uncer written
- unfer written
- unrer written
- uneer written
- undwr written
Etymology of UNDER WRITTEN
The word "underwritten" is generated from the combination of two terms: "under" and "written".
The term "under" is derived from Old English "under", which meant "beneath" or "below". It has Germanic roots and can be traced back to Proto-Germanic "*under", which had a similar meaning. This eventually evolved into the Old English word "under".
The word "written" is derived from the Old English term "writan", meaning "to inscribe" or "to draw". It comes from the Proto-Germanic term "*writanan", which carried a similar meaning. Over time, "writan" transformed into "written", maintaining its essence of something being inscribed or put into writing.
