UBO, or unincorporated business organization, is a business arrangement used in lieu of a company or partnership. The investor acts as the settlor of the trust and gives the management rights to the trustee, who holds title to the property...
commercial activities
UCC-1 Form
UCC-1 Form (commonly called a UCC financial statement) is a form that creditors should file with states in which they have a security interest in personal property. The financial statement serves a similar purpose as recording a deed for real...
ultrahazardous activity
Ultrahazardous Activity (also known as abnormally dangerous or extrahazardous activity) refers to actions of individuals and entities that involve a high level of danger which typically carries strict liability. Ultrahazardous activity, by...
uncommitted credit facility
Uncommitted credit facilities are a short-term credit facility which are subject to the discretion of both the borrower and the lender. That is, the creditor has no obligation to extend credit to the borrower, and the borrower has no...
uncovered option
See Naked Option.
undercapitalization
Undercapitalization means that a company does not have enough capital to conduct ordinary business operations. Undercapitalization may also lead to the company being unable to pay its creditors. Among other causes, undercapitalization may...
undersecured debt
An undersecured debt is a debt secured by collateral with a lower value than the total amount of the claim. From the debtor’s perspective, the obligation owed to the creditor has a higher value than the collateral given by the debtor to...
underwrite
Underwrite can refer to one of many different kinds of financial risk taking. Broadly, underwrite means agreeing to some form of financial investment with the possibility of profits or losses. A few examples of underwriting include loans,...
underwriter
An underwriter is an institutional financial organization that assesses and assumes another party’s risk for a fee. Underwriters operate in the context of (1) securities offerings and (2) insurance.
(1) In the context of...
underwriting
The act of assuming a risk by insuring it, e.g., the insurance of life or property. The act of agreeing to buy all or part of a new issue of securities to be offered for public sale.
See also underwriter; insurance; Securities