Super Finance Glossary
Over 10,000 financial glossary terms...
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Browsing by the letter "U"
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Uninvested
Definition: Usually refers to cash that could be invested but is being held in reserve.
Definition: Usually refers to cash that could be invested but is being held in reserve.
Unique Diversification Benefit
Definition: Reduction in the likelihood of financial distress for a conglomerate firm that comes with its diversified investments.
Definition: Reduction in the likelihood of financial distress for a conglomerate firm that comes with its diversified investments.
Unique Risk
Definition: Also called unsystematic risk or idiosyncratic risk. Specific company risk that can be eliminated through diversification. See: Diversifiable risk and unsystematic risk.
Definition: Also called unsystematic risk or idiosyncratic risk. Specific company risk that can be eliminated through diversification. See: Diversifiable risk and unsystematic risk.
Unit
Definition: More than one class of securities traded together (e.g., one common share and three subscription warrants).
Definition: More than one class of securities traded together (e.g., one common share and three subscription warrants).
Unit Benefit Formula
Definition: Method used to determine a participant's benefits in a defined benefit plan. Involves multiplying years of service by the percentage of salary.
Definition: Method used to determine a participant's benefits in a defined benefit plan. Involves multiplying years of service by the percentage of salary.
Unit Investment Trust
Definition: Money invested in a portfolio whose composition is fixed for the life of the fund. Shares in a unit trust are called redeemable trust certificates, and they are sold at a premium to net asset value.
Definition: Money invested in a portfolio whose composition is fixed for the life of the fund. Shares in a unit trust are called redeemable trust certificates, and they are sold at a premium to net asset value.
Unit Share Investment Trust (USIT)
Definition: A unit investment trust comprising one unit of prime and one unit of score.
Definition: A unit investment trust comprising one unit of prime and one unit of score.
Unit Trust
Definition: In the United Kingdom and other foreign markets, an open-end mutual fund.
Definition: In the United Kingdom and other foreign markets, an open-end mutual fund.
United States Customs Service
Definition: An agency of the Treasury Department charged with enforcing laws relative to imports.
Definition: An agency of the Treasury Department charged with enforcing laws relative to imports.
United States Government Securities
Definition: Debt issues of the U.S. government, as distinguished from government-sponsored agency issues.
Definition: Debt issues of the U.S. government, as distinguished from government-sponsored agency issues.
Units Of Beneficial Interest (UBI)
Definition: A term used by some trust promoters to identify interests in a trust and to disguise events surrounding the formation of the trust. It is not a term used by the internal revenue code, but is used by trust promoters in an attempt to gain tax advantages (such as a tax-free exchange). The use of this term does not require the service to grant favorable tax treatment to any transaction.
Definition: A term used by some trust promoters to identify interests in a trust and to disguise events surrounding the formation of the trust. It is not a term used by the internal revenue code, but is used by trust promoters in an attempt to gain tax advantages (such as a tax-free exchange). The use of this term does not require the service to grant favorable tax treatment to any transaction.
Universal Default
Definition: When a lender penalizes a borrower with accounts other than the account that is defaulted. For example, credit card 1 was 35 was paid 35 days late. Credit card 2 (from another bank) was informed and raised their customer's rate to the default rate.
Definition: When a lender penalizes a borrower with accounts other than the account that is defaulted. For example, credit card 1 was 35 was paid 35 days late. Credit card 2 (from another bank) was informed and raised their customer's rate to the default rate.
Universal Life
Definition: A whole life insurance product whose investment component pays a competitive interest rate rather than the below-market crediting rate.
Definition: A whole life insurance product whose investment component pays a competitive interest rate rather than the below-market crediting rate.
Universe Of Securities
Definition: A group of stocks having a common feature, such as similar outstanding market capitalization or same product line.
Definition: A group of stocks having a common feature, such as similar outstanding market capitalization or same product line.
Unleveraged Beta
Definition: The beta of an unleveraged required return (i.e., no debt) on an investment when the investment is financed entirely by equity.
Definition: The beta of an unleveraged required return (i.e., no debt) on an investment when the investment is financed entirely by equity.
Unleveraged Program
Definition: The use of borrowed funds to finance less than 50% of a purchase of assets. In a leveraged program borrowed funds are used to finance more than 50%.
Definition: The use of borrowed funds to finance less than 50% of a purchase of assets. In a leveraged program borrowed funds are used to finance more than 50%.
Unleveraged Required Return
Definition: The required return on an investment when the investment is financed entirely by equity (i.e., no debt).
Definition: The required return on an investment when the investment is financed entirely by equity (i.e., no debt).
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