Letter U Dictionary

U.S. Government Agency Security

A security issued by a US governement-sponsored agency to provide financial…

U.S. Savings Bond

A U.S. government savings bond that offers a fixed rate of interest over a…

U.S. Treasury

The federal department broadly responsible for the revenue of US Government….

U.S. Treasury Bill

One of three types of Treasuries. Treasury Bills have a maturity of one year…

U.S. Treasury Bond

A fixed-interest U.S. government debt security with a maturity of more than 10…

U.S. Treasury Note

A U.S. government debt security with a fixed interest rate and a maturity time…

U.S. Treasury Securities

U.S. Government debt obligations that are not subject to state and local taxes….

UAE Dirham

The AED, the currency of The United Arab Emirates (UAE). Learn…

UAH

The ISO currency code for the Ukrainian Hryvnia. Learn more about Ukraine and the Ukraine Hryvnia at GoCurrency.com

UBS Consumption Indicator – Switzerland

Index for consumer spending in Switzerland. The Consumption Indicator moves…

UBTI

Acronym for Unrelated Business Taxable Income. This refers to the income earned…

UCC

Acronym for Uniform Commercial Code, a set of standardized laws about financial…

UDI

UDI

Ugandan Shilling

The currency of Uganda. Learn more about Uganda and the Ugandan Shilling at GoCurrency.com

UGMA

Acronym for Uniform Gift to Minors Act. The act allows minors to buy and own…

UGX

The ISO currency code for the Ugandan Shilling. Learn more about Uganda and the Ugandan Shilling at GoCurrency.com

UIT

Unit Investment Trust. A SEC-registered investment company that purchases a…

Ukrainian Hryvnia

The official currency of Ukraine. Learn more about Ukraine and the Ukraine Hryvnia at GoCurrency.com

Ultimate Oscillator

Invented by Larry Williams the Ultimate Oscillator was his attempt to rectify…

ultimatum

A final proposal or statement of conditions.

ultimo

The month preceding the current month.

ultra vires activities

Activities undertaken by a corporation that are not explicitly set out in the…

umbrella liability insurance

Additional liability insurance for firms or individuals covering claims greater…

unappropriated profit

Earnings that are reinvested in a firm’s own growth rather than paid out to shareholders as dividends.

unaudited opinion

An opinion expressed by a Certified Public Accountant (CPA) who has not audited…

unbalanced growth

A condition when the pace of economic growth differs across sectors of the economy….

uncertainty

The portion of risk that cannot be measured or quantified. FX SignificanceWhen…

uncertificated shares

Mutual fund shares for which stock certificates have not been issued.

uncollected funds

A bank deposit where the availability of the funds has not yet been acknowledged…

unconditional

Not limited by conditions

uncovered call

A position to sell (short) a call option where the seller (writer) does not…

uncovered option

A sold (written) call option or a bought put option whereby the trader does…

uncovered put

A short put option in which the writer does not have the corresponding short…

underbanked

When the underwriter in an Initial Public Offering (IPO) is having difficulty…

underbooked

The situation in which a new securities issue in the pre-offering registration period is failing to attract sufficient interest.

undercapitalization

The state in which a firm lacks sufficient capital in order to perform its normal business activities.

underemployment

A type of employment in which the worker is employed, but not in the desired…

underfunded pension plan

A type of pension plan, where liabilities exceed assets.

underinsured

The state of having insufficient insurance coverage.

underinsured motorist coverage

A type of pension plan, where liabilities exceed assets.

underlier

A security or commodity that is subject to delivery upon the exercise of an option contract or convertible security.

underlying

In the context of an option contract, underlying refers to the security or commodity…

underlying debt

The debt liability of a government entity that is a part of a larger public…

underlying security

See ‘underlier’

undermargined account

An account that lacks sufficient funds to meet margin requirements, resulting in a margin call.

underperform

See ‘underperformer’

underperformer

An investment whose rate of return falls below that of other similar investments.

underpricing

The pricing of an IPO at a value less than its market value. Underpricing can…

undervalued

When the price of a financial instument is lower than its perceived value….

underwater

1. The condition in which a call option’s strike price is higher than the market…

underwithholding

When an insufficient amount of income tax is witheld from one’s salary throughout…

underwrite

To assume risk when offering a policy or bringing a firm’s new securities issue to the public

underwriter

The intermediary between an issuer of a security and the investors, usually an investment bank.

underwriter's warrants

The part of an underwriter’s compensation that is comprised of shares in the stock in question.

underwriting

The procedure by which an underwriter offers a new security issue to the investing…

underwriting agreement

An agreement between a firm issuing new securities and the lead underwriter…

underwriting group

A temporary association of investment bankers brought together by the original…

underwriting spread

The fee charged by a syndicate, which is equal to the difference between the…

undiversifiable risk

A type of risk associated with the fluctuations of the entire economic market….

unearned income

The portion of a person’s income that does not come from wages, such as interest…

unearned interest

The interest collected in advance by a money lender.

unearned revenue

An individual’s income derived from sources outside of employment, such as interest…

unemployed

Those people that are able and willing to work but are unable to find employement….

Unemployment

US Unemployment – The Unemployment Rate refers to the percentage of people…

unemployment rate

The unemployment figure is typically calculated by dividing the number of out…

Unemployment Rate – Australia

The percent of unemployed persons in the labor force. The Unemployment Rate…

Unemployment Rate – Canada

The percentage of people in the total – labor force without jobs but willing…

Unemployment Rate – Euro-zone

Reports the cumulative percentage of unemployed individuals in the Euro-zone…

Unemployment Rate – France – Euro-zone

The percentage of individuals in the labor force who are without jobs but are…

Unemployment Rate – German – Euro-zone

The percentage of individuals in the labor force who are without a job but actively…

Unemployment Rate – Switzerland

The percent of unemployed persons in the labor force. The labor force is the…

Unemployment Rate – UK

The percentage of persons willing to work and actively seeking employment but…

Unemployment Rate – United States

The US Unemployment Rate reflects the percentage of people considered unemployed…

unencumbered property

Property that is free of mortgages, liens or debts.

unequivocal

Property that is free of mortgages, liens or debts.

uneven lot

The holding of less than 100 shares of a stock; or less than 10 shares of a…

unfunded pension plan

A type of pension plan in which the employer’s current income is funded out…

Unified Tax Credit

A federal tax credit that may be used in certain cases to offset the gift tax,…

Uniform Commercial Code

UCC. A set of laws regulating commercial transactions, particularly ones involving the sale of goods and secured transactions.

Uniform Gift to Minors Act

UGMA. Laws adopted by most states permitting an adult to contribute to a custodial…

Uniform Securities Act

An act that was approved by the National Conference of Commissioners on Uniform…

uniform submission agreement

An agreement signed by both parties during a dispute, indicating their submission…

Uniform Transfer to Minors Act

UTMA. A law extending the Uniform Gift to Minors Act’s definition of a gift to include real estate, fine art, patents and royalties.

uninsured motorist coverage

An automobile policy option that covers a motorist for property damage and bodily…

union

An organization of workers who unite to protect their common interests and improve their working conditions.

unissued stock

A stock authorized by a corporation’s charter, but has yet to be issued.

unit

A specific quantity accepted as a standard for exchange.

unit cost

The cost per item.

United States Dollar

The United States dollar, denoted by USD or the symbol $, is the official…

Unit Investment Trust

A SEC-registered investment company that purchases a fixed, unmanaged portfolio…

unit of trade

The term denoted to each single, indivisible amount in a transaction. The unit…

unit of trading

The term denoted to each single, indivisible amount in a transaction. The unit…

Unit Trust

A SEC-registered investment company that purchases a fixed, unmanaged portfolio…

unit value

The value of an asset, expressed in terms of a universal, standardized measure

Unit Wage Costs – UK

The labor cost of consistent unit of production. A good way to think about this…

universal life

Life insurance that combines the low-cost protection of term insurance with…

University of Michigan Consumer Sentiment Index – United States

Assesses consumer confidence regarding personal finances, business conditions…

unleveraged

Functioning without the use of borrowed money. Being unleveraged reduces a firm’s…

unlimited liability

A kind of investment in which the investor is permitted to lose an unlimited amount of money. Opposite of limited liability.

unlimited risk

An investment whose loss is potentially unlimited. Examples include short selling and futures trading. Opposite of limited risk.

unlimited tax bond

A municipal bond backed by a credit commitment to tax at a given rate, for a given duration in order to fulfill the obligation.

unlisted

A security that is not traded on an exchange, usually due to an inability to meet listing requirements. Also called over-the-counter (OTC).

unlisted trading

The trading of unlisted securities, offered as a convenience to member firms.

unload

To sell, generally at a loss

unpaid dividend

A dividend that has been declared but not yet paid.

unqualified audit

A full audit.

unqualified opinion

The auditor’s opinion of a financial statement, given without any reservations. Opposite of qualified opinion.

unrealized

The state in which a profit/loss has occurred but has yet to be reflected in a transaction. Opposite of realized.

unrealized loss

A loss that has occurred but yet to be reflected in a transaction.

unrealized profit

A profit that has occurred but yet to be reflected in a transaction. Unrealized profit is generally not taxable.

unrelated business taxable income

UBTI. Income earned by a tax-exempt entity that does not result from tax-exempt activities.

unseasoned issue

An issue that is being traded in the open markets for the first time.

unsecured

The state of being backed by the integrity of the borrower, and not by collateral. Opposite of secured.

unsecured loan

A loan that is not backed by collateral. Also called signature loan.

unsponsored ADR

An ADR that is issued by a broker/dealer or depositary bank without the involvement of the firm whose stock underlies the ADR.

unsystematic risk

The risk of price change due to the unique circumstances of a specific security,…

unwind

Unwinding a trade refers to action of cancelling out an earlier position with…

upside

The potential for profit.

Upside/Downside

Measures of Upside/Downside separate the volumes for rising markets from those…

upswing

A rebound following a decrease in price. Also called rebound.

uptick

A stock market transaction at a price higher than the preceding one for the…

uptime

The time during which something is functioning or operational.

uptrend

The upward price movement of a security or the overall market. Opposite of downtrend.

up volume

When a stock closes in the positive territory for the day, the volume in that…

urban

Of or relating to a metropolis.

Uruguay Peso

The official currency of Uruguay.

USD

The United States dollar, denoted by USD or the symbol $, is the official…

useful life

The length of time that a depreciable asset is expected to be useable.

Userguide to Econ Terms

Event – Country Definition: Description of the event/report plus explanation…

usury

Charging an illegally high interest rate on a loan.

utility

A basic service such as electricity, gas, or water, or the company that provides…

UYU

The ISO currency code for the Uruguayan Peso. Learn more about Uganda and the Uruguyan Peso at GoCurrency.com

Uzbekistan Sum

The currency of Uzbekistan.

UZS

The currency of Uzbekistan. Learn more about Uzbekistan and the Uzbekistan Som at GoCurrency.com

take delivery

To accept or receive products, securities certificates, or physical commodities after a purchase.

Using the Ichimoku Cloud

The Ichimoku Kinko Hyo Chart, A multi-faceted indicator designed to give support/resistance…