What is 'Unconditional Probability
The definition of unconditional probability is the chance that a single outcome results from a sample of possible outcomes. To find the unconditional probability, sum the outcomes of the event and divide by the total number...
DefinitionUnbundling is a neologism to describe how the ubiquity of mobile devices, Internet connectivity, consumer web technologies, social media and information access in the 21st century is affecting older institutions by "break up the packages they once offered, providing...
What is 'Underlying Cost'
Any expense that may be projected to occur during the budgetary period succeeding the current one. Underlying costs are expenses that the firm anticipates incurring and paying out throughout the course of the budget period. Items...
What is 'Uncollected Funds' The amount of a bank deposit that comes from checks that have yet to be cleared by the bank from which the checks are drawn. Essentially, uncollected funds are sums of money that...
What is 'Ultra Vires Acts' Any act that lies beyond the authority of a corporation to perform. Ultra Vires acts fall outside the powers that are specifically listed in a corporate charter or state law. They can...
What is 'Ultra ETF' A class of exchange-traded funds (ETF) that employs leverage in an effort to achieve double the return of a set benchmark. The first ultra ETFs were launched in 2006 and the class has...
What is 'Unchanged' A situation in which the price or rate of a security does not change between two periods. This can be over any time frame including a trading day, week, or even as much as...
What is an underlying option security
An underlying option security is a security that can be used as collateral for options contracts. The most common type of underlying option security is a stock, but other securities such as bonds, commodities,...
DefinitionUmberto Agnelli was an Italian industrialist and politician. He was the third son of Virginia Agnelli and of Edoardo Agnelli, and the youngest brother of Gianni Agnelli. Umberto Agnelli What is 'Umberto Agnelli' A former chairman and...
Home Ownership by Country Underwater Mortgage Underwater mortgage is a mortgage loan whose balance is higher than the fair market value of the home. In other words, a mortgage is said to be underwater when the property has a...