Underwritten is a word commonly spelled as ʌndərwɪtn. This word is used to describe the act of providing financial backing for an insurance policy or loan. The first syllable of underwritten is pronounced with the schwa sound, represented by ə. The following syllables contain the short i sound, or /ɪ/. The final syllable contains the voiced dental fricative /ð/, which is the sound made when pronouncing the "th" in "this". Overall, underwritten is a fully-justified, phonetically accurate spelling of this word.
Underwritten is the past participle form of the verb "underwrite." The term "underwrite" has multiple meanings depending on the context, but generally refers to the act of making a commitment by assuming financial responsibility or providing funds to support an event, venture, or project. In financial contexts, underwriting involves the evaluation and assumption of risk for a potential investment or insurance policy.
Specifically, when something is underwritten, it means that an individual or institution has agreed to provide financial support or guarantee the issuance of a specific financial instrument, such as an insurance policy, bond issuance, or stock offering. The underwriter carries out a comprehensive assessment of the risk associated with the venture and offers protection against potential losses or risks that may arise.
In insurance, underwriting is the process by which an insurer evaluates and assesses risks associated with an applicant and decides whether to provide coverage and at what cost. If an insurance policy is underwritten, it means that the underwriter has examined the risks associated with the policyholder and has agreed to provide coverage based on their assessment.
Overall, underwritten is commonly used to describe a financial commitment or guarantee provided by an individual or institution for a specific event, project, or financial instrument, indicating that the risks associated have been thoroughly evaluated and absorbed or protected against.
Subscribed, as a name in writing.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
The word "underwritten" is derived from the combination of two separate words: "under" and "write".
- The word "under" comes from Old English "under" or "und" meaning "beneath" or "below". It has its roots in the Proto-Germanic language.
- The word "write" comes from Old English "wrītan" which means "to incise, engrave", or "to draw (characters or letters)". It also finds its origin in the Proto-Germanic language.
When combined, the word "underwritten" takes on a specific meaning related to the act of insuring or guaranteeing a financial risk.