-NeeBo Glossary-

A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X-Y-Z

-U-

• Umbrella personal liability policy - A liability insurance policy that provides protection against damages not covered by standard liability policies, such as large jury awards in lawsuits.


• Uncollected funds -The amount of bank deposits in the form of checks that have not yet been paid by the banks on which the checks are drawn.


• Uncollectible account - An account which cannot be collected by a company because the customer is not able to pay or is unwilling to pay.


• Underwriter - A firm, usually an investment bank, that buys an issue of securities from a company and resells it to investors. In general, A party that guarantees the proceeds to the firm from a security sale, thereby in effect taking ownership of the securities.