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Financial services

Related to any service provided by the finance industry, which encompasses a broad range of organisations that deal with the management of money.

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Financial services > General Finance

unpaid dividend

Financial services; General Finance

A dividend declared by the directors of a corporation that has not yet been paid.

unqualified opinion

Financial services; General Finance

An independent auditor's opinion that a company's financial statements comply with accepted accounting procedures. Antithesis of qualified opinion.

unrealized capital gain/loss

Financial services; General Finance

An increase/decrease in the value of a security that is not "real" because the security has not been sold. Once a security is sold by the portfolio manager, the capital ...

usance

Financial services; General Finance

The time allowed for settlement of a draft.

Usance Letter of Credit

Financial services; General Finance

A letter of credit payable at a determined future date after presentation of conforming documents.

unseasoned issue

Financial services; General Finance

Issue of a security for which there is no existing market. See: Seasoned issue.