Unrealized Gain
An unrealized gain (a “paper gain”) is the increase in the market value of an asset you still own relative to its purchase price…
Unquoted (Unlisted) Public Companies
Key takeaways – An unquoted (or unlisted) public company has issued public shares but its stock is not listed on a formal exchange; trading…
Universal life
• Universal life (UL) is a form of permanent life insurance that combines a death benefit with a cash-value account that earns interest. –…
United Nations (UN)
The United Nations (UN) is an international organization founded in 1945 to promote peace, security, international cooperation, social progress, human rights and economic development.…
Unit Linked Insurance Plan (ULIP)
• A ULIP is a hybrid financial product that combines life insurance protection with an investment account. Part of your premium buys life cover;…
Unit Investment Trusts (UITs)
Key takeaway summary – A unit investment trust (UIT) is an investment company that issues redeemable units representing a fixed portfolio of securities (typically…
Uniform Transfers to Minors Act (UTMA)
Key takeaways – UTMA is a state-based law that lets adults transfer and hold gifts for minors without a formal trust; a named custodian…
Uniform Gifts to Minors Act (UGMA)
Key Takeaways – UGMA establishes custodial accounts that let an adult give financial assets (cash, stocks, bonds, mutual funds, insurance products) to a minor…
Uniform Distribution
Key takeaways – A uniform distribution gives equal probability to every outcome in a specified range. – Two main kinds: discrete uniform (finite set…
Unicorn Startups
Overview A “unicorn” is a privately held startup company valued at $1 billion or more. Coined by venture capitalist Aileen Lee in the early…