Tag: covered
Term Life
DefinitionTerm Life is a 2016 American action-drama based on the graphic novel of the same name. It is directed by Peter Billingsley from a...
Underinsured Motorist Endorsement
What is 'Underinsured Motorist Endorsement' An added provision or attachment to an automobile insurance policy that provides insurance coverage to the policyholder...
Umbrella Personal Liability Policy
What is 'Umbrella Personal Liability Policy' A type of insurance policy that provides excess coverage above and beyond the liability coverage amounts...
Uncovered Interest Arbitrage
DefinitionUncovered interest arbitrage is an arbitrage trading strategy whereby an investor capitalizes on the interest rate differential between two countries. Unlike covered interest arbitrage,...
National Securities Markets Improvement Act (NSMIA)
What is 'National Securities Markets Improvement Act - NSMIA' Passed by the U.S. Congress in 1996, the NSMIA was an attempt to...
Named Perils Insurance Policy
What is 'Named Perils Insurance Policy' A home insurance policy that only provides coverage on losses incurred to your property from hazards...
Uncovered Interest Rate Parity (UIP)
What is the 'Uncovered Interest Rate Parity - UIP' The uncovered interest rate parity (UIP) is a parity condition stating that the...
B-Note
What is 'B-Note'
The secondary tranche in a commercial mortgage-backed security. B notes are a component of A/B financing or A/B/C financing. They have a...
Naked Option
What is a naked option
When most people think of options trading, they picture someone buying or selling a call or put option on an...