"enterprise," early 15c., verbal noun from undertake (v.). An Old English word for this was underfangenes.
Entries linking to undertaking
undertake v.
c. 1200, "to entrap;" c. 1300, "to set about (to do)," from under + take (v.). Similar formation in French entreprendre "to undertake," from entre "between, among" + prendre "to take." The under in this word may be the same one that also may form the first element of understand. Old English had underniman "to trap, accept" (cognate with Dutch ondernemen, German unternehmen).