The name "Skorobahatko" is a Ukrainian derivative formed from the phrase "skoro bahatyi," meaning "soon rich." The root "bahat-" is also known in the class of names, for instance, in Serbian. Although the lexeme "Skorobahatko" is not documented as a personal name, it is represented as a surname mentioned alongside a personal name. For example, in 1587, Fedor Skorobahatko was recorded as a peasant representative from western Ukraine.