General Finance

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.