Glossary

This glossary is available to download as a PDF

1. A
2. B
3. C
4. D
5. E
6. F
7. G
8. H
9. I
10. J
11. K
12. L
13. M
14. N
15. O
16. P
17. Q
18. R
19. S
20. T
21. U
22. V
23. W
24. X
25. Y
26. Z

U

UKLA

United Kingdom Listing Authority. A capacity assumed by the FSA from the LSE, as the competent authority for listing in the UK.

UK Treasury Bill

Short-term security issued by the UK Treasury.

Underlying

An asset, future, interest rate, FX rate or index upon which a derivative transaction is based.

Underwriting

An arrangement by which a company is guaranteed that an issue will raise a given amount of cash. Underwriters undertake to subscribe for any of the issue not taken up. They charge commission for this service.

Unit Trust

A collective investment in the form of a trust which holds a portfolio of securities on behalf of the investors who hold units in the trust. Known in the USA as Mutual Funds.

U.S.F.

Universal Stock Futures. Quoted on LIFFE, single share futures contracts covering a range of different shares from a number of countries and sectors.