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...
wex definitions
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
Underwriting is the act of assuming a risk by insuring it, such as insuring life or property, or by agreeing to buy all or part of a new issuance of securities to be offered for public offering. It involves a financial institution (like a...
undisclosed principal
Under agency law, undisclosed principals arise when a third party has no notice that the principal exists, but the undisclosed principal has authorized an agent to act on the principal’s behalf. The agent does not represent that they are...
undivided interest
An undivided interest means that two or more persons have an interest in a property held under the same title. The undivided interest encompasses the whole property, and its holders have equal rights to the entire property. The undivided...
undocumented immigrant
Undocumented immigrants are individuals who have either illegally entered the United States without inspection, or legally entered the United States with valid nonimmigrant visas but those visas have expired. For instance, an individual...
undue burden
The undue burden test established by Planned Parenthood v Casey (1992), was overruled and made moot by Dobbs v Jackson Women’s Health Organization, in 2022.
Establishment of the Undue Burden Test under CaseyThe undue...
undue hardship
Undue hardship refers to a significant difficulty or expense imposed on an individual or organization, often in the context of providing accommodations or complying with legal requirements. In employment and disability law, it describes the...