What is 'Underapplied Overhead'
In cost accounting, an accounting record is created when the overhead costs ascribed to a work-in-progress product do not equal the amount of real overhead expenses incurred. In the company's balance sheet, underapplied overhead is recorded...
What is 'Unadjusted Basis' A basis used for depreciation purposes. Unadjusted basis uses the original cost of property or equipment without regard to salvage value. Explaining 'Unadjusted Basis' This method of calculating depreciation is...
What is an Ultra-Short Bond Fund
Ultra-short bond funds are a type of fixed income mutual fund that invests in bonds with short-term maturities, typically one year or less. These funds offer higher yields than money market funds, but they...
What is 'Undercast' A forecasting error that occurs when estimating items such as future cash flows, performance levels or production. Undercasting produces an estimation that is below the realized value. Explaining 'Undercast' There are...
What is 'Undated Issue' A government bond that has no maturity date, and pays interest in perpetuity. While the government can redeem an undated issue if it so chooses, since most existing undated issues have very low...
What is an underfunded pension plan and how does it happen
An underfunded pension plan happens when a company doesn't have enough money set aside to cover the costs of employee pensions. This can happen for a number of reasons,...
What is underinsurance and why do people buy it
Underinsurance is insurance that does not cover the full value of an insured asset. For example, if a homeowner has a house valued at $200,000 but carries insurance coverage of only...
What does 'Undervalued' mean Undervalued is a financial term referring to a security or other type of investment that is selling for a price presumed to be below the investment's true intrinsic value. A undervalued stock can...
Most people have heard of unallocated benefits, but don't really know what they are or how they work. In this post, we will explore what unallocated benefits are and how to calculate them. We will also discuss the benefits...
What is 'Umbrella Personal Liability Policy' A type of insurance policy that provides excess coverage above and beyond the liability coverage amounts in a standard insurance policy. The umbrella policy provides extra protection in the event that...