'underleveraged' originates from the prefix 'under-' meaning 'below' or 'less than' and the word 'leverage,' which comes from the French word 'levier,' meaning 'to raise or lift.'

'leverage' changed from the French word 'levier' and eventually became the modern English word 'leverage.'

Initially, 'leverage' meant 'to raise or lift,' but over time it evolved into its current financial meaning of 'using borrowed capital for investment.'