Super Finance Glossary

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Over 10,000 financial glossary terms...

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Browsing by the letter "U"

Displaying next 80 results of 152
Unearned Income (revenue)
Definition: Income received in advance of the time at which it is earned, such as prepaid rent.
Unearned Interest
Definition: Interest that has been received on a loan, but that cannot be treated as a part of earnings yet, because the principal of the loan has not been outstanding long enough.
Unemployment Rate
Definition: The percentage of the people classified as unemployed as compared to the total labor force.
Unencumbered
Definition: Property that is not subject to any claims by creditors. For example, securities bought with cash instead of on margin and homes with mortgages paid off.
Unequal Voting
Definition: These provisions limit the voting rights of some shareholders and expand those of others. Under time-phased voting, shareholders who have held the stock for a given period of time are given more votes per share than recent purchases. Another variety is the substantial shareholder provision, which limits the voting power of shareholders who have exceeded a certain threshold of ownership.
Unfavorable Balance Of Trade
Definition: The value of a nation's imports in excess of the value of its exports.
Unfunded Debt
Definition: Debt maturing within one year (short-term debt). See: Funded debt.
Unfunded Pension Plan
Definition: Provides for the employer to pay out amounts to retirees or beneficiaries as and when they are needed. There is no money put aside on a regular basis. Instead, it is taken out of current income.
Unified Tax Credit
Definition: A federal tax credit that reduces tax liability, dollar for dollar, on lifetime gifts and asset transfers at death.
Uniform Commercial Code (UCC)
Definition: Collection of laws dealing with commercial business.
Uniform Customs And Practices (Brochure 500)
Definition: International Chamber of Commerce rules (commonly referred to as UCP 500 or ICC 500), that are used for Letters of credit. These letters then become legally binding when written into the text of the letter.
Uniform Gifts To Minors Act (UGMA)
Definition: Legislation that provides a tax-effective manner of transferring property to minors without the complications of trusts or guardianship restrictions.
Uniform Practice Code
Definition: Standards of the NASD prescribing procedures for handling over-the-counter securities transactions, such as delivery, settlement date, and ex-dividend date.
Uniform Rules For Collections
Definition: International Chamber of Commerce rules on the handling of documentary and clean collections.
Uniform Securities Agent State Law Examination
Definition: A test required in some states for registered representatives who are employees of member firms of the NASD or over-the-counter brokers.
Uniform Transfers To Minors Act (UTMA)
Definition: A law similar to the Uniform Gifts to Minors Act that extends the definition of gifts to include real estate, paintings, royalties, and patents.
Unilateral Transfers
Definition: Items in the current account of the balance of payments of a country's accounting books that correspond to gifts from foreigners or pension payments to foreign residents who once worked in the particular country.
Unincorporated Joint Venture
Definition: A joint venture in which the legal means of dividing the project's equity is by shareholdings in a company.
Uninsured Deposit
Definition: The portion of any deposit of a customer at an insured depository institution that exceeds the applicable FDIC insurance coverage for that depositor at that institution. (Also see Insured Deposit.)
Uninsured Motorist Insurance
Definition: Insurance that covers the policyholder and family if they are injured by a hit-and-run or uninsured motorist, assuming the other driver is at fault.
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