General Finance

General Finance

Industry: Financial services

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General Finance

unearned interest

Financial services; General Finance

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

Financial services; General Finance

The percentage of the people classified as unemployed as compared to the total labor force.

unencumbered

Financial services; General Finance

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

Financial services; General Finance

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 ...

unfavorable balance of trade

Financial services; General Finance

The value of a nation's imports in excess of the value of its exports.

unfunded debt

Financial services; General Finance

Debt maturing within one year (short-term debt). See: Funded debt.

unfunded pension plan

Financial services; General Finance

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.