|
|
|
|
|
|
|
| |
|
|
|
Umbrella Fund
|
|
|
An umbrella fund - sometimes known as a 'fund of funds' - is an investment fund that invests in other funds rather than in direct investments.
An umbrella fund is an investment term used to describe a collective investment scheme which is a single legal...
|
|
|
|
|
|
|
Uncollected funds
|
|
|
Bank Deposit which has not yet been acknowledged by the bank on which the check was drawn. Most banks don't allow drawing on uncollected funds.
|
|
|
|
|
|
|
Underwriting
|
|
|
The process of evaluating a loan application to determine the Risk involved for the lender.
The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both Equity...
|
|
|
|
|
|
|
Unemployment insurance
|
|
|
Compensation plans by which federal and state governments provide money to workers who've lost their jobs through no fault of their own.
The federal Social Security Act of 1935 set up this system. Employers pay federal and state taxes to support unemployment...
|
|
|
|
|
|
|
Unit Trust -UT
|
|
|
An unincorporated fund whose organizational structure permits the conduit treatment of income realized by the fund.
An unincorporated Mutual Fund structure that allows funds to hold assets and pass profits through to the individual owners, rather than reinvesting...
|
|
|
|
|
|
|
Universal banking
|
|
|
A system of banking where banks are allowed to provide a variety of services to their customers.
Banking that includes investment services in addition to services related to savings and loans is universal banking.
In universal banking, banks are not...
|
|
|
|
|
|
|
|
|
|
|
|
