Unaccredited Investor means any investor that does not meet the legal requirements to be an accredited investor.
Unsecured Debt is debt that is not backed by collateral in any of the assets of a company. Since the debt is not secured by any specific assets as collateral, any debt secured by specific collateral will take priority over […]
Short for Action by Unanimous Written Consent, a UWC is a legal document that memorializes the unanimous consent of the board of directors and/or members of a corporate entity on a specific issue or action.
A UCC Financing Statement is a legal form that creditors file to provide notice of their interest (current or future) in the personal property of debtors. It specifically details about the pledged collateral, the terms of the loan, and whether […]
Unvested is a term used to describe the status of securities that remain subject to forfeiture or mandatory buyback provisions, even after being set aside for, or granted to, an individual. Unvested securities typically transform into vested securities, which are […]
Short for Action by Unanimous Written Consent, a UWC is a legal document that memorializes the unanimous consent of the board of directors and/or members of a corporate entity on a specific issue or action.
Utility Tokens are blockchain based units that grant holders access to goods or services. Utility tokens are likely exempt from securities laws if they function more like a coupon for a product instead of an equity interest in a company.
An Un-Launch is when a startup releases its product without fanfare, relying entirely on public reaction. This strategy works well for products that are so popular that they don’t need the hype of a hard launch, although an Un-Launch often […]
A Unicorn is a startup company valued at over $1 billion. Canadian tech unicorns are known as narwhals. A decacorn is a word used for those companies over $10 billion, while hectocorn is the appropriate term for such a company valued […]
A UCC Financing Statement is a legal form that creditors file to provide notice of their interest (current or future) in the personal property of debtors. It specifically details about the pledged collateral, the terms of the loan, and whether […]