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Holiday
Any day fixed by law, custom or religion on which day-to-day business is suspended for the celebration or commemmoration of some event or public figure.
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uncovered put writing
Financial services; General Finance
A short put option position in which the writer does not have a corresponding short position in the underlying security or has not deposited, in a cash account,
underbanked
Financial services; General Finance
When an originating investment banker cannot find enough firms to underwrite a new issue.
underbooked
Financial services; General Finance
Describes limited interest by prospective buyers in a new issue of a security during the preoffering registration period.
undercapitalised
Financial services; General Finance
A business has insufficient capital to carry out its normal functions.
underfunded pension plan
Financial services; General Finance
A pension plan that has a negative surplus (i.e., liabilities exceed assets).
underinvestment problem
Financial services; General Finance
The mirror image of the asset substitution problem, in that stockholders refuse to invest in low-risk assets to avoid shifting wealth from themselves to debtholders.
