U
Banking Terms - Uundepreciated capital cost (UCC) - (residual value of a fixed asset after capital cost allowance has been taken (Canada))
underwriter (UW) - (term applied to an insurance company when it assumes the cost risk of loss due to death, fire, theft, illness, etc., in exchange for receiving premium payments)
underwriter (UW) - (investment banker who, alone or as a member of a syndicate, agrees to purchase a new issue of securities from an issuer, and distribute it to investors)
unemployment insurance (UI) - (government-sponsored insurance program to provide benefits to individuals who are laid off by their employers)
Unified Managed Account (UMA) - (type of separately managed account (SMA) that handles an investor's stocks, bonds, and mutual funds in one diversified, customized portfolio)
Uniform Bank Performance Report (UBPR) - (analytical survey prepared by the Federal Financial Institutions Examination Council, which analyzes individual bank performance using various measures for comparison with other banks)
Uniform Commercial Code (U.C.C.) - (set of standardized state laws governing financial contracts - adopted by most states)
Uniform Financial Institution Rating System (UFIRS) - (internal supervisory tool for evaluating the soundness of financial institutions on a uniform basis and for identifying those institutions requiring special attention or concern)
Uniform Interagency Trust Rating System (UITRS) - (method of scoring bank trust departments during/following examinations based on how they score on five components: Management Ability; Operations; Internal Controls and Auditing; Earnings; Compliance; and Asset Management (MOECA))
Uniform Practice Code (UPC) - (rules of the National Association of Securities Dealers (NASD) concerned with standards and procedures for the operational handling of over the counter securities transactions)
Uniform Rating System for Information Technology (URSIT) - (method of scoring bank IT systems, with an emphasis on four critical components: audit; management; development and acquisition; and support and delivery)
Uniform Resource Locator (URL) - (a way of specifying the address of a website on the Internet)
Uniform Standards of Professional Appraisal Practice (USPAP) - (quality control standards applicable for appraisal analysis and reports in the United States and its territories and Canada)
Unit Investment Trust (UIT) - (investment vehicle which purchases a fixed portfolio of securities, with units in the trust being sold to investors)
Unit Share Investment Trust (USIT) - (specialized form of unit investment trust, with units being comprised of two types - prime, receiving dividend payments, and score, receiving appreciation value above a certain price)
United States Code (USC) - (official citation for U.S. laws currently in force)
Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT ACT) - (legislation expanding the authority of U.S. law enforcement agencies for the stated purpose of fighting terrorism in the United States and abroad)
Universal Payment Identification Code (UPIC) - (numeric code for processing electronic bank deposits)
unrelated business income (UBI) - (income earned by a charitable organization from an activity which is not related to its charitable purpose - a coffee shop in a charitable hospital)