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Underlying asset/Underlying security |
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The asset subject to purchase or sale upon exercise of the derivative instrument. |
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Uncovered option writing |
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See Naked option writing |
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Underwriter |
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An investment firm that purchases a new issue of securities from an issuer
and distributes it to investors. |
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Unit holder |
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A holder of a mutual fund unit. |
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Unlisted |
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A security not listed on an exchange but traded on the over-the-counter
market. |
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Unit trust |
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An unincorporated fund whose organizational structure allows income realized
by the fund to flow directly to unit holder. |
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