Underwater is an adjective that is used to describe a security whose fair market value today is less than its original issuance or exercise price; in other words, if the security expired today, it would be worthless.
An Underwriter is responsible for selling new securities to the public on behalf of companies. Underwriters are traditionally investment banks.
The Uniform Commercial Code (UCC) is a set of model rules drafted to provide uniformity across every state. The UCC primarily covers commercial transactions, such as the sale of goods, property, and secured transactions. The UCC has nine different articles […]
Unrelated Business Taxable Income is income generated by a tax-exempt entity through taxable activities that are essential to generate income for the entity but not related to the entity’s main function. Such income is not exempt from income tax. You […]
Unsecured Debt is debt that is not backed by collateral in any of the assets of a company. Because the debt is not secured by any specific assets as collateral, any debt secured by specific collateral will take priority over […]