20 Terms
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General Finance
Industry: Financial services
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General Finance
unissued stock
Financial services; General Finance
Shares authorized in a corporation's charter, but not issued.
tax-timing option
Financial services; General Finance
The option to sell an asset and claim a loss for tax purposes or not sell the asset and defer the capital gains tax.
Uniform Transfers to Minors Act (UTMA)
Financial services; General Finance
A law similar to the Uniform Gifts to Minors Act that extends the definition of gifts to include real estate, paintings, royalties, and patents.
true lease
Financial services; General Finance
A contract that qualifies as a valid lease agreement under the Internal Revenue Code.
uninsured motorist insurance
Financial services; General Finance
Insurance that covers the policyholder and family if they are injured by a hit-and-run or uninsured motorist, assuming the other driver is at fault.
trust
Financial services; General Finance
A fiduciary relationship calling for a trustee to hold the title to assets for the benefit of the beneficiary. The person creating the trust, who may or may not also be the beneficiary, is called the ...
unique diversification benefit
Financial services; General Finance
Reduction in the likelihood of financial distress for a conglomerate firm that comes with its diversified investments.
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