24 Terms
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General Finance
Industry: Financial services
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General Finance
universal life
Financial services; General Finance
A whole life insurance product whose investment component pays a competitive interest rate rather than the below-market crediting rate.
universe of securities
Financial services; General Finance
A group of stocks having a common feature, such as similar outstanding market capitalization or same product line.
unleveraged beta
Financial services; General Finance
The beta of an unleveraged required return (i.e., no debt) on an investment when the investment is financed entirely by equity.
unleveraged program
Financial services; General Finance
The use of borrowed funds to finance less than 50% of a purchase of assets. In a leveraged program borrowed funds are used to finance more than 50%.
unleveraged
Financial services; General Finance
The required return on an investment when the investment is financed entirely by equity (i.e., no debt).
unlevered cost of equity
Financial services; General Finance
The discount rate appropriate for an investment that it is financed with 100% equity.
unlimited liability
Financial services; General Finance
Full liability for the debt and other obligations of a legal entity. The general partners of a partnership have unlimited liability.
