Tag: economics

What is 'Umpire Clause' The language in an insurance policy that provides for a means of resolution by an unbiased third party...

DefinitionCommon stock is a form of corporate equity ownership, a type of security. The terms voting share and ordinary share are also used frequently...

What is 'Undersubscribed' A situation in which the demand for an initial public offering of securities is less than the number of...

What is an 'Underlying Asset' An underlying asset is the security or commodity underlying a Derivative. The most common type of derivative is a futures...

DefinitionBankruptcy is a legal status of a person or other entity that cannot repay debts to creditors. In most jurisdictions, bankruptcy is imposed by...

When a company offers its stock to the public for the first time, it's called an initial public offering, or IPO. IPOs can be...

What is 'Underwater' An option that would be worthless if it expired today. An underwater option may be either a call or...

An uncovered option is a type of option contract that is not hedged by an opposite position in the underlying security. This leaves the...

DefinitionIn finance, unsecured debt refers to any type of debt or general obligation that is not protected by a guarantor, or collateralized by a...

What is an unconsolidated subsidiary An unconsolidated subsidiary is a subsidiary in which the parent company does not include the subsidiary's financials in its consolidated...