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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

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 funds

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...