Funds

Funds

Industry: Financial services

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Funds

Unit price

Financial services; Funds

When the contract value is allocated to a fund, "units" of that fund are purchased. Each unit has a price which reflects the daily net gain or loss in the underlying securities.

Units

Financial services; Funds

When the contract is allocated to a fund, "units" of that fund are purchased. Each unit has a price which reflects the daily net gain or loss in the underlying securities. For Alternative ...

Unpriced security

Financial services; Funds

These assets cannot be priced because there is either no market value, no independently verifiable price source or the security is not traded.

U.S. Treasury Notes

Financial services; Funds

Intermediate-term obligations of the US government with maturities of one to ten years.

Uniform Gifts to Minors Act (UGMA)

The Uniform Gift to Minors Act permits irrevocable gifts of money and securities to minors. The Act gives the power of management to a custodian until the minor reaches the age of majority. The age ...

Uniform Transfers to Minors Act (UTMA)

Financial services; Funds

In most states the Uniform Transfers to Minors Act (UTMA) has been adopted, replacing the UGMA (see above) for any gifts made after the new law was passed. The UTMA allows gifts and other means of ...