Ultrafast Trading
What is 'Ultrafast Trading' A lucrative and highly competitive method of stock trading that uses special software that works in milliseconds to make trades in reaction to market changes. This type of trading has been criticized for worsening stock swings and for unfairly manipulating stock prices. The software's advocates say it improves trading efficiency. Also...
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 and his or her passengers in the event of an accident caused by a driver who does not have sufficient coverage. The underinsured motorist endorsement covers bodily injury to the policyholder, insured members of the...
Underbanked
DefinitionThe underbanked is a characteristic describing people or organizations who do not have sufficient access to mainstream financial services and products typically offered by retail banks and thus often deprived of banking services such as credit cards or loans. The underbanked are characterized by a strong reliance on non-traditional forms of finance and micro-finance often associated with disadvantaged and...
Umbrella Insurance Policy
What is Umbrella Insurance and what does it cover An Umbrella insurance policy is an insurance policy that provides additional coverage beyond the limits of other policies. It can provide protection for things like personal liability, property damage, and medical expenses. Umbrella insurance can be a great way to protect yourself from costly lawsuits. It can also give you peace of...
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 the worker idle. Examples include holding a part-time job despite desiring full-time work, and overqualification, where the employee has education, experience, or skills beyond the requirements of the job. Underemployment What is 'Underemployment' ...
Unauthorized Insurer
There are a lot of risks associated with working with an unauthorized insurer. In fact, it's often a bad idea to do so. However, there may be some benefits to working with an unauthorized insurer that you should consider before making a decision. Let's take a closer look at what an unauthorized insurer is and what you need to...
Under Reporting
DefinitionUnder-reporting usually refers to some issue, incident, statistic, etc., that individuals, responsible agencies, or news media have not reported, or have reported as less than the actual level or amount. Under-reporting of crimes, for example, makes it hard to figure the actual incidence of crimes. Under Reporting What is 'Under Reporting' The deliberate act of reporting less...
Unauthorized Investment
What is 'Unauthorized Investment' Any investment that has not been specifically authorized by a legal trust. Unauthorized investments can technically meet statutory requirements for banks and trusts. However, they may still fail to meet the criteria of the grantor or trustee. Explaining 'Unauthorized Investment' Unauthorized investments stand in contrast to "nonlegal" investments. These are...
Net Loss
What is net loss Net loss is defined as the value of a company's total expenses minus its total revenue. In other words, it is the amount of money that a company loses over a given period of time. Net loss can be caused by a variety of factors, including poor sales, high expenses, and losses on investments. A company...
U
What is 'U' A Nasdaq stock symbol specifying that the issue is in units. Explaining 'U' Nasdaq-listed securities have four or five characters. If a fifth letter appears, it identifies the issue as other than a single issue of common stock or capital stock. Further Reading Solving fuzzy equations in economics and...