Finance Reference

What are unappropriated retained earnings Unappropriated retained earnings are the portion of a business's profits that have not been allocated to specific expenses. This money...

What is ultimogeniture and how does it work Ultimogeniture is the practice of leaving property to the youngest child. It contrasts with primogeniture, in which...

What is retention and why does it matter for businesses Retention is a measure of how well a business can keep its customers over time....

What is 'Underapplied Overhead' In cost accounting, an accounting record is created when the overhead costs ascribed to a work-in-progress product do not equal the...

What is 'Unadjusted Basis' A basis used for depreciation purposes. Unadjusted basis uses the original cost of property or equipment without regard...

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...

What is 'Undercast' A forecasting error that occurs when estimating items such as future cash flows, performance levels or production. Undercasting produces...

What is 'Undated Issue' A government bond that has no maturity date, and pays interest in perpetuity. While the government can redeem...

What is an underfunded pension plan and how does it happen An underfunded pension plan happens when a company doesn't have enough money set aside...

What is underinsurance and why do people buy it Underinsurance is insurance that does not cover the full value of an insured asset. For example,...