United Nations Commission On International Trade Law Uncitral
Key takeaways – UNCITRAL is the United Nations’ core legal body for modernizing and harmonizing international trade law to facilitate cross‑border commerce and investment…
Unit Cost
• Unit cost = total cost (fixed + variable) to produce, store, and sell one unit of a product or service. – It’s used…
Unit Benefit Formula
The unit benefit formula is a method for calculating pension benefits in a defined benefit (DB) plan. It specifies a benefit “unit” (a dollar…
Unit Of Production Method
The Unit of Production (also called units-of-activity) method is a way to allocate an asset’s depreciable cost to expense based on how much the…
Unissued Stock
Key takeaways – Unissued stock = shares a company is authorized to create but has not yet issued to investors or employees. (Source: Investopedia)…
Unintentional Tort
An unintentional tort is a civil wrong that occurs when a person unintentionally causes injury, property damage, or financial loss to another by failing…
Uninsured Motorist Coverage Um
Uninsured motorist (UM) coverage is an auto‑insurance component that helps pay for your injuries—and in some cases vehicle damage—if you’re hit by a driver…
Uninsured Certificate Of Deposit
Key takeaways – An uninsured CD is a certificate of deposit that has no FDIC or NCUA guarantee — the investor bears the full…
Uninsurable Risk
Key takeaways – Uninsurable risks are events or exposures insurers will not (or cannot legally) cover because they are unpredictable, unquantifiable, too likely to…
Uninsurable Property
Key takeaways – “Uninsurable property” typically means a home that doesn’t meet an insurer’s or the FHA’s minimum condition requirements and therefore cannot be…