Unsecured Loan
DefinitionIn finance, unsecured debt refers to any type of debt or general obligation that is not protected by a guarantor, or collateralized by a...
Uncovered Option
An uncovered option is a type of option contract that is not hedged by an opposite position in the underlying security. This leaves the...
Underwater
What is 'Underwater' An option that would be worthless if it expired today. An underwater option may be either a call or...
Underpricing
When a company offers its stock to the public for the first time, it's called an initial public offering, or IPO. IPOs can be...
Bankruptcy
DefinitionBankruptcy is a legal status of a person or other entity that cannot repay debts to creditors. In most jurisdictions, bankruptcy is imposed by...
Mandatorily Redeemable Shares
What are 'Mandatorily Redeemable Shares'
Mandatorily redeemable shares are shares owned by an individual or entity which are required to be redeemed for cash or...
Underlying Asset
What is an 'Underlying Asset'
An underlying asset is the security or commodity underlying a Derivative. The most common type of derivative is a futures...
Common Stock
DefinitionCommon stock is a form of corporate equity ownership, a type of security. The terms voting share and ordinary share are also used frequently...
Real Gross Domestic Product (GDP)
What is the 'Real Gross Domestic Product (GDP)' Real gross domestic product (GDP) is an inflation-adjusted measure that reflects the value of...
Gross Domestic Product
DefinitionGross domestic product is a monetary measure of the market value of all the final goods and services produced in a specific time period.GDP...