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Underwater Mortgage
Home Ownership by Country Underwater Mortgage Underwater mortgage is a mortgage loan whose balance is higher than the fair market value of the home....
Underlying Option Security
What is an underlying option security
An underlying option security is a security that can be used as collateral for options contracts. The most common...
Ultra ETF
What is 'Ultra ETF' A class of exchange-traded funds (ETF) that employs leverage in an effort to achieve double the return of...
Ultra Vires Acts
What is 'Ultra Vires Acts' Any act that lies beyond the authority of a corporation to perform. Ultra Vires acts fall outside...
Underlying Cost
What is 'Underlying Cost'
Any expense that may be projected to occur during the budgetary period succeeding the current one. Underlying costs are expenses that...
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...
Underlying Security
What is an 'Underlying Security' An underlying security is the security on which a derivative derives its value. For example, a call...
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...
Undervalued
What does 'Undervalued' mean Undervalued is a financial term referring to a security or other type of investment that is selling for...
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...































