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Non-profit organizations

Abbreviated as NGO, and also known as not-for-profit organisation; an organisation that does not distribute its surplus capital to shareholders or owners, but instead uses them to pursue its original goals.They are usually exempt from income and property tax and most often include charitable organisations, trade unions and public arts organisations.

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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.

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