U.S. Department of Justice (DOJ)DOJ is the United States federal executive department responsible for the enforcement of the law and administration of justice.
Umbrella Liability InsuranceA policy that "floats" above your other coverage. You must carry a certain amount of underlying liability coverage before you may buy an umbrella policy.
Uncollected FundsA portion of a deposit balance that has not yet been collected by the depository bank.
Uncovered optionAn uncovered option, also known as a naked option, is an option that is not backed by another position.
Under ReviewThe review status of a financial disclosure report after the filer has eSigned and submitted their report for review.
underground economyMoney-making activities that people don't report to the government, including both illegal and legal activities.
Underinsured Motorist (UIM)This covers bodily injury losses for you or your passengers if you are hit by an at-fault motorist who does not have enough insurance to cover your claim.
Underinsured Motorist Bodily Injury Coverage (UIM)Is coverage for any bodily injury resulting from the operation of a motor vehicle, which is covered under a liability policy at the time of the injury…
Underlying AssetsAssets that are held in another investment vehicle in which a filer has a financial interest.
Underlying instrumentAn underlying instrument is a security, such as a stock, a commodity, or other type of financial product, such as a stock index, whose value determines…
Underlying investmentThe investments a variable annuity's separate account fund, a mutual fund, or other fund makes are considered the fund's underlying investments.
UndervaluationAny stock that trades at a lower price than the issuing company's reputation, earnings outlook, or financial situation would seem to merit is considered…
UnderwaterYou're underwater when your employee stock options are out-of-the-money and so currently worthless.
UnderweightedWhen you own less of a security, an asset class, or a subclass than your target asset allocation calls for, you are said to be underweighted in that…
UnderwriterAn individual in an insurance company who determines what insurance risks will be accepted and on what terms.
UnderwritingThe purchase for resale of a new issue of securities by an investment dealer or group of dealers.
Unearned premiumThe portion of the premium for the remaining time period that the policy will not be in force.
Uniform Commercial Code (UCC)A set of statutes enacted by the various States to provide consistency among the States' commercial laws.
Uniform Gifts to Minors Act (UGMA)Under the UGMA, you as an adult can set up a custodial account for a minor and put assets such as cash, securities, and mutual funds into it.
Uniform Transfers to Minors Act (UTMA)The UTMA allows you as an adult to set up a custodial account for a minor, who owns any assets placed in the account, although he or she can't legally…
Uninsured Motorist (UM)This covers bodily injury for you or your family if you are hit by an at-fault uninsured motorist.
Uninsured motorist protectionCovers the insured and family members if injured by a hit-and-run motorist or a motorist without liability protection, if the other driver is at fault.
Unit investment trust (UIT)A UIT may be a fixed portfolio of bonds with specific maturity dates, a portfolio of income-producing stocks, or a portfolio of all of the securities…
Unit of tradingWhen you buy stocks, bonds, options and commodities futures, it's typical to buy in a particular volume or a particular dollar value, called a round lot…
Unit trustThe category of investment known as a mutual fund in the US is called a unit trust in other parts of the world.
unit trustsA collection of securities, usually bonds, packaged by brokers and sold to investors.
Universal Life InsuranceA flexible premium life insurance policy under which the policyholder may change the death benefit from time to time (with satisfactory evidence of…
UniverseIn the world of investments, the word universe refers to a specific group or category of investments that share certain characteristics.
Unlisted securityA security, such as a stock, is unlisted when it does not meet the listing requirements or pay the listing fee of any of the organized exchanges or…
Unpaid Principal Balance (UPB)amount of a loan that is due to the lender. This does not include additional charges, such as interest.
Unrealized gainIf you own an investment that has increased in value, your gain is unrealized until you sell and take your profit.
Unrealized Gain (Loss)A profit (loss) that has not been realized through the sale of a security. The gain (loss) is realized when a security or futures contract is actually…
Unrealized lossIf the market price of a security you own drops below the amount you paid for it, you have an unrealized loss.
Unsatisfied judgment fundA special fund which, subject to several restrictions, pays individuals for bodily injury arising out of the use of a motor vehicle for their damages if…
Unsecured bondWhen a bond isn't backed by collateral or security of some kind, such as a mortgage, that can be used to repay the bondholders if the bond issuer…
UptickAn uptick is the smallest possible incremental increase in a security's price, which, for stocks, is one cent.
US savings bondThe US government issues two types of savings bonds: Series EE and Series I. You buy electronic Series EE bonds through a Treasury Direct account for face…
US Treasury bondUS Treasury bonds are long-term government debt securities, typically issued with 30-year terms.
user feesAn excise tax, often in the form of a license or supplemental charge, levied to fund a public service.
user taxA tax that is paid directly by the consumer of a good, product, or service.
UsuryCharging an illegally high interest rate on a loan.
Usury RatesThe maximum rate of interest lenders may charge borrowers. The usury rate is generally set by State law.