General Finance

General Finance

Industry: Financial services

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General Finance

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,

under the belt

Financial services; General Finance

Long position in a stock.

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.