What is 'Undersubscribed' A situation in which the demand for an initial public offering of securities is less than the number of shares issued. Also known as an "underbooking". Explaining 'Undersubscribed' Typically, the goal...
What is 'Umpire Clause' The language in an insurance policy that provides for a means of resolution by an unbiased third party if an insurer and an insured cannot agree on the amount of a claim payment....
What is the 'Undertakings For The Collective Investment Of Transferable Securities - UCITS' The Undertakings for the Collective Investment of Transferable Securities (UCITS) is a regulatory framework of the European Commission that creates a harmonized regime throughout...
What is 'UNC Kenan-Flagler Business School' The business school of the University of North Carolina. The Kenan-Flagler School offers both graduate and undergraduate degrees as well as doctoral programs. The school was ranked among the best by...
What is an unaudited opinion
An unaudited opinion is a statement from an auditor that expresses whether or not financial statements are free of material misstatement. An unaudited opinion does not guarantee that the financial statements are clean, but it...
What is 'U.S. League Of Savings Institutions' A now-defunct nationwide organization of savings institutions. The U.S. League of Savings Institutions was created to promote standards of professionalism and congressional lobby influence. It also spearheads public education and...
DefinitionUncovered interest arbitrage is an arbitrage trading strategy whereby an investor capitalizes on the interest rate differential between two countries. Unlike covered interest arbitrage, uncovered interest arbitrage involves no hedging of foreign exchange risk with the use of forward...
What is 'Uncommitted Facility' An uncommitted facility is an agreement between a lender and a borrower where the lender agrees to make short-term funding available to the borrower; this is in contrast to a committed facility that...
DefinitionThe unbanked are adults who do not have their own bank accounts. Along with the underbanked, they may rely on alternative financial services for their financial needs, where these are available. Unbanked What is 'Unbanked' A slang...
Why Is Undercapitalization a Problem? And How You Can Fix It
Undercapitalization is a condition in which a business does not have enough funds to meet its current operational needs. It results in negative cash flow and can lead to...