What is 'Ultimate Mortality Table' A mortality table that lists the death rates of insured persons of each sex and age group...
DefinitionU.S. savings bonds are debt securities issued by the U.S. Department of the Treasury to help pay for the U.S. government's borrowing needs. U.S....
Definition
The UCLA Anderson School of Management is the graduate business school at the University of California, Los Angeles, one of eleven professional schools. The...
What is an 'Underlying Profit' An underlying profit describes an actual reflection of a company's profit. The underlying profit is not the...
What is 'Unconditional Vesting' Pension benefits that are entitled to the employee without any restrictions. The employee is fully entitled to the...
What are unappropriated retained earnings
Unappropriated retained earnings are the portion of a business's profits that have not been allocated to specific expenses. This money...
What is ultimogeniture and how does it work
Ultimogeniture is the practice of leaving property to the youngest child. It contrasts with primogeniture, in which...
What is retention and why does it matter for businesses
Retention is a measure of how well a business can keep its customers over time....
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...
What is 'Unadjusted Basis' A basis used for depreciation purposes. Unadjusted basis uses the original cost of property or equipment without regard...