U
Auditing Terms - Uundepreciated capital cost (UCC) - (residual value of a fixed asset after a capital cost allowance has been taken (Canada))
underwriter (UW) - (insurance - company that assumes the cost of the risk of the occurrence of an event - death, fire, theft - in exchange for premium payments;
securities - investment banker who agrees to purchase a new issue of securities and to distribute them to investors)Underwriters Laboratories, Inc. (ULI) (UL) - (Nonprofit corporation, formed in 1894, which set standards and conducted testing of fire and electrical products. In 2012 it was reorganized as a for-profit company named UL, LLC, and in 2022 was reorganized as an enterprise with three separate organizations.)
Underwriters Laboratories of Canada (ULC) - (nonprofit organization that provides testing and certification services for equipment and materials)
undistributed net income (UNI) - (basis on which the throwback tax is imposed on trust income prior accumulations)
unemployment insurance (UI) - (government benefit plan providing payments to employees who are laid off)
unemployment insurance contribution (UIC) - (payment an employer makes into an unemployment insurance fund)
unguaranteed residual value (URV) - (excess of the estimated value over the guaranteed residual value)
Unified Managed Account (UMA) - (a single account which holds a variety of securities for an investor)
Unified Modeling Language (UML) - (a general-purpose notational language for specifying and visualizing complex software for large object-oriented projects)
unified threat management (UTM) - (single network appliance products designed to deal with a number of cyber threats - all-in-one devices which incorporate several types of security defense capabilities)
Uniform Commercial Code (UCC) - (legal code adopted by most states that codifies various laws dealing with commercial transactions)
Uniform Gifts to Minors Act (UGMA) - (legislation enacted by states intended to provide a simple way to transfer property to a minor)
Uniform Practice Code (UPC) - (rules/code of conduct of the National Association of Securities Dealers (NASD) dealing with standards and procedures in the sale of securities)
uniform resource identifier (URI) -
Uniform Resource Locator (URL) - (World Wide Web address format entered by a computer user to locate a Web site)
uniform resource name (URN) -
Uniform Transfers to Minors Act (UTMA) - (law adopted by all 50 states governing the transfer of property to minors)
uninterruptible power supply (UPS) - (device which provides short-term backup power from batteries for a computer system when the electrical power fails or drops to an unacceptable voltage level)
unit of account (UA) (UOA) - (an artificial unit designed to provide a consistent reference value against varying exchange rates)
Unit Investment Trust (UIT) - (investment entity which purchases a portfolio of securities, often municipal bonds, and sells units/shares to investors)
Unit Share Investment Trust (USIT) - (specialized form of unit investment trust with appreciation and dividend rights)
unit trust (UT) - (UK - unit investment trust - investment trust which buys a fixed, unmanaged portfolio of income-producing securities and sells shares to investors)
United Automobile Workers (UAW) - (U.S. labor union)
United Currency Options Market (UCOM) -
United Mine Workers (UMW) - (U.S. labor union)
United Nations (UN) - (international organization promoting cooperation between countries)
United States of America (USA) -
United States Bureau of Standards (USBS) -
United States Chamber of Commerce (USCC) -
United States Code (U.S.C.) - (US laws/statutes currently in force)
United States Dollar (USD) -
United States Junior Chamber of Commerce (USJCC) - (JAYCEES)
United States Senate (USS) -
United States Ship (USS) -
Universal Description, Discovery, and Integration (UDDI) - (an online electronic directory which allows businesses/service providers a way to register their services and interested consumers a way to locate them)
Universal Serial Bus (USB) - (an external peripheral bus standard designed to automatically recognize and configure peripherals as soon as they are physically attached)
Unlisted Trading Privileges (UTP) -
unrelated business income (UBI) - (same as unrelated business taxable income (UBTI) - income earned by an exempt organization which is unrelated to the organization's exempt purpose)
unrelated business taxable income (UBTI) - (income earned by an exempt organization from an affiliated unit which is unrelated to the reason the organization is exempt)
unsolicited bulk e-mail (UBE) - (unsolicited e-mail sent to hundreds or thousands of users)
unsolicited commercial e-mail (UCE) - (unsolicited e-mail sent to hundreds or thousands of users by vendors or sellers attemmpting to market products)
Urgent Issues Task Force (UITF) - (committee of the British Accounting Standards Board charged with reviewing critical new accounting issues)
user acceptance testing (UAT) - (system/software testing by users to determine whether the product meets user needs)
User Datagram Protocol (UDP) - (a transmission protocol in which packets are sent out without contacting or establishing a connection with the receiving computer, and the sender does not know if the packets were received properly or dropped)
user identifier/identification (UID) - (technique or method used to authenticate/identify an authorized system user)