Personal Finance terms starting with U

35 terms

U.S. Department of Housing and Urban Development (HUD) HUD is a Cabinet department in the Executive branch of the United States federal government.
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.
Uncollected Funds A portion of a deposit balance that has not yet been collected by the depository bank.
Uncovered option An uncovered option, also known as a naked option, is an option that is not backed by another position.
Under Review The review status of a financial disclosure report after the filer has eSigned and submitted their report for review.
underground economy Money-making activities that people don't report to the government, including both illegal and legal activities.
Underlying Assets Assets that are held in another investment vehicle in which a filer has a financial interest.
Underlying instrument An 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 investment The investments a variable annuity's separate account fund, a mutual fund, or other fund makes are considered the fund's underlying investments.
Undervaluation Any stock that trades at a lower price than the issuing company's reputation, earnings outlook, or financial situation would seem to merit is considered…
Underwater You're underwater when your employee stock options are out-of-the-money and so currently worthless.
Underweighted When 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…
Underwriter An individual in an insurance company who determines what insurance risks will be accepted and on what terms.
Underwriting The purchase for resale of a new issue of securities by an investment dealer or group of dealers.
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…
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 trading When 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 trust The category of investment known as a mutual fund in the US is called a unit trust in other parts of the world.
unit trusts A collection of securities, usually bonds, packaged by brokers and sold to investors.
Universal Life Insurance A flexible premium life insurance policy under which the policyholder may change the death benefit from time to time (with satisfactory evidence of…
Universe In the world of investments, the word universe refers to a specific group or category of investments that share certain characteristics.
Unlisted security A 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 gain If you own an investment that has increased in value, your gain is unrealized until you sell and take your profit.
Unrealized loss If the market price of a security you own drops below the amount you paid for it, you have an unrealized loss.
Unsecured bond When 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…
Uptick An uptick is the smallest possible incremental increase in a security's price, which, for stocks, is one cent.
US savings bond The 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 bond US Treasury bonds are long-term government debt securities, typically issued with 30-year terms.
user fees An excise tax, often in the form of a license or supplemental charge, levied to fund a public service.
user tax A tax that is paid directly by the consumer of a good, product, or service.
Usury Charging an illegally high interest rate on a loan.
Usury Rates The maximum rate of interest lenders may charge borrowers. The usury rate is generally set by State law.