Unconditional Vesting
What is 'Unconditional Vesting' Pension benefits that are entitled to the employee without any restrictions. The employee is fully entitled to the...
Unappropriated Retained Earnings
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...
Ultimogeniture
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...
Underlying Retention
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....
Underapplied Overhead
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...
Unadjusted Basis
What is 'Unadjusted Basis' A basis used for depreciation purposes. Unadjusted basis uses the original cost of property or equipment without regard...
Ultra-Short Bond Fund
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...
Undated Issue
What is 'Undated Issue' A government bond that has no maturity date, and pays interest in perpetuity. While the government can redeem...
Underfunded Pension Plan
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...