3 Terms
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General Finance
Industry: Financial services
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General Finance
Uniform Transfers to Minors Act (UTMA)
Financial services; General Finance
A law similar to the Uniform Gifts to Minors Act that extends the definition of gifts to include real estate, paintings, royalties, and patents.
unilateral transfers
Financial services; General Finance
Items in the current account of the balance of payments of a country's accounting books that correspond to gifts from foreigners or pension payments to foreign residents who once worked in the ...
uninsured motorist insurance
Financial services; General Finance
Insurance that covers the policyholder and family if they are injured by a hit-and-run or uninsured motorist, assuming the other driver is at fault.
unique diversification benefit
Financial services; General Finance
Reduction in the likelihood of financial distress for a conglomerate firm that comes with its diversified investments.
unique risk
Financial services; General Finance
Also called unsystematic risk or idiosyncratic risk. Specific company risk that can be eliminated through diversification. See: Diversifiable risk and unsystematic risk.
unissued stock
Financial services; General Finance
Shares authorized in a corporation's charter, but not issued.
unit
Financial services; General Finance
More than one class of securities traded together (e.g., one common share and three subscription warrants).
