Umbrella Insurance Policy
What is Umbrella Insurance and what does it cover An Umbrella insurance policy is an insurance policy that provides additional coverage beyond the limits of other policies. It can provide protection for things like personal liability, property damage, and medical expenses. Umbrella insurance can be a great way to protect yourself from costly lawsuits. It can also give you peace of...
Underemployment
DefinitionUnderemployment is the under-use of a worker due to a job that does not use the worker's skills, or is part time, or leaves the worker idle. Examples include holding a part-time job despite desiring full-time work, and overqualification, where the employee has education, experience, or skills beyond the requirements of the job. Underemployment What is 'Underemployment' ...
Unauthorized Insurer
There are a lot of risks associated with working with an unauthorized insurer. In fact, it's often a bad idea to do so. However, there may be some benefits to working with an unauthorized insurer that you should consider before making a decision. Let's take a closer look at what an unauthorized insurer is and what you need to...
Under Reporting
DefinitionUnder-reporting usually refers to some issue, incident, statistic, etc., that individuals, responsible agencies, or news media have not reported, or have reported as less than the actual level or amount. Under-reporting of crimes, for example, makes it hard to figure the actual incidence of crimes. Under Reporting What is 'Under Reporting' The deliberate act of reporting less...
Unauthorized Investment
What is 'Unauthorized Investment' Any investment that has not been specifically authorized by a legal trust. Unauthorized investments can technically meet statutory requirements for banks and trusts. However, they may still fail to meet the criteria of the grantor or trustee. Explaining 'Unauthorized Investment' Unauthorized investments stand in contrast to "nonlegal" investments. These are...
Net Loss
What is net loss Net loss is defined as the value of a company's total expenses minus its total revenue. In other words, it is the amount of money that a company loses over a given period of time. Net loss can be caused by a variety of factors, including poor sales, high expenses, and losses on investments. A company...
U
What is 'U' A Nasdaq stock symbol specifying that the issue is in units. Explaining 'U' Nasdaq-listed securities have four or five characters. If a fifth letter appears, it identifies the issue as other than a single issue of common stock or capital stock. Further Reading Solving fuzzy equations in economics and...
Unauthorized Insurance
What is 'Unauthorized Insurance' A phony plan that claims to provide financial protection against unforeseen and potentially catastrophic events. Unauthorized insurance is a scam that some unscrupulous individuals posing as insurance agents use to collect "premiums" from unwitting consumers. The "agents" take the money and run, and the consumers are not only out the "premium" money, but...
Underlying Security
What is an 'Underlying Security' An underlying security is the security on which a derivative derives its value. For example, a call option on Google stock gives the holder the right, but not the obligation, to purchase Google stock at the price specified in the option contract. In this case, Google stock is the underlying security. ...
Unconditional Probability
What is 'Unconditional Probability The definition of unconditional probability is the chance that a single outcome results from a sample of possible outcomes. To find the unconditional probability, sum the outcomes of the event and divide by the total number of possible outcomes. An example of unconditional probability would be flipping a coin. The chance of flipping a coin and it...