Accounting Dictionary - Letter U

• Uncollectible account: An account that is unlikely to be collected, often used in financial reporting and accounting.
• Unearned revenue: Revenue that has been received but not yet earned, often used in financial reporting and accounting.
• Unemployment tax: A tax on employers to fund unemployment benefits, often used in financial reporting and accounting.
• Unit cost: The cost of producing one unit of a product or service, often used in financial reporting and accounting.
• Unit price: The price of one unit of a product or service, often used in financial reporting and accounting.
• Unliquidated damages: Damages that have not been paid or settled, often used in financial reporting and accounting.
• Unrealized gain: A gain that has not been realized or recognized, often used in financial reporting and accounting.
• Unrealized loss: A loss that has not been realized or recognized, often used in financial reporting and accounting.
• Unsecured loan: A loan that is not secured by collateral, often used in financial reporting and accounting.
• Unusual item: An item that is not typical or expected, often used in financial reporting and accounting.
• Useful life: The estimated life of an asset, often used in financial reporting and accounting.
• Utility: A company that provides essential services such as electricity or water, often used in financial reporting and accounting.
• Underlying asset: An asset that is used as collateral or backing for a financial instrument, often used in financial reporting and accounting.
• Underwriting: The process of evaluating and assuming risk, often used in financial reporting and accounting.
• Underwriting agreement: An agreement between an underwriter and an issuer, often used in financial reporting and accounting.
• Underwriting fee: A fee charged by an underwriter for their services, often used in financial reporting and accounting.
• Underwriting spread: The difference between the price at which an underwriter buys a security and the price at which they sell it, often used in financial reporting and accounting.
• Unaudited financial statement: A financial statement that has not been audited, often used in financial reporting and accounting.
• Unbilled revenue: Revenue that has not been billed or invoiced, often used in financial reporting and accounting.
• Unbudgeted expense: An expense that was not included in the budget, often used in financial reporting and accounting.
• Unclassified balance sheet account: An account that is not classified as an asset, liability, or equity, often used in financial reporting and accounting.
• Unconditional guarantee: A guarantee that is not subject to any conditions or limitations, often used in financial reporting and accounting.
• Unconsolidated subsidiary: A subsidiary that is not consolidated with the parent company, often used in financial reporting and accounting.
• Undeposited funds: Funds that have not been deposited into a bank account, often used in financial reporting and accounting.
• Underfunded pension plan: A pension plan that does not have sufficient assets to meet its liabilities, often used in financial reporting and accounting.
• Underlying value: The value of an asset or liability that is not reflected in its market price, often used in financial reporting and accounting.
• Unearned income: Income that has not been earned or recognized, often used in financial reporting and accounting.
• Unfair labor practice: A practice that is not fair or equitable, often used in financial reporting and accounting.
• Unfilled order: An order that has not been filled or completed, often used in financial reporting and accounting.
• Unissued stock: Stock that has not been issued or sold, often used in financial reporting and accounting.
• Unjust enrichment: A situation in which one party is enriched at the expense of another party, often used in financial reporting and accounting.
• Unliquidated claim: A claim that has not been paid or settled, often used in financial reporting and accounting.
• Unpaid dividend: A dividend that has not been paid, often used in financial reporting and accounting.
• Unpaid expense: An expense that has not been paid, often used in financial reporting and accounting.
• Unpaid tax: A tax that has not been paid, often used in financial reporting and accounting.
• Unqualified opinion: An opinion that is not qualified or limited, often used in financial reporting and accounting.
• Unrecognized revenue: Revenue that has not been recognized or recorded, often used in financial reporting and accounting.
• Unrelated business income: Income that is not related to a company's main business, often used in financial reporting and accounting.
• Unrestricted net assets: Net assets that are not restricted or limited, often used in financial reporting and accounting.
• Unsecured debt: Debt that is not secured by collateral, often used in financial reporting and accounting.
• Unsystematic risk: Risk that is not systematic or inherent in the market, often used in financial reporting and accounting.
• Upstream transaction: A transaction that involves the transfer of assets or liabilities from a subsidiary to a parent company, often used in financial reporting and accounting.
• Useful life of an asset: The estimated life of an asset, often used in financial reporting and accounting.
• Utility company: A company that provides essential services such as electricity or water, often used in financial reporting and accounting.
• Underlying financial statements: Financial statements that are used as the basis for consolidated financial statements, often used in financial reporting and accounting.
• Underwriting agreement: An agreement between an underwriter and an issuer, often used in financial reporting and accounting.
• Underwriting fee: A fee charged by an underwriter for their services, often used in financial reporting and accounting.
• Underwriting spread: The difference between the price at which an underwriter buys a security and the price at which they sell it, often used in financial reporting and accounting.
• Unaudited financial statement: A financial statement that has not been audited, often used in financial reporting and accounting.
• Unbilled revenue: Revenue that has not been billed or invoiced, often used in financial reporting and accounting.
• Unbudgeted expense: An expense that was not included in the budget, often used in financial reporting and accounting.
• Unclassified balance sheet account: An account that is not classified as an asset, liability, or equity, often used in financial reporting and accounting.
• Unconditional guarantee: A guarantee that is not subject to any conditions or limitations, often used in financial reporting and accounting.
• Unconsolidated subsidiary: A subsidiary that is not consolidated with the parent company, often used in financial reporting and accounting.
• Undeposited funds: Funds that have not been deposited into a bank account, often used in financial reporting and accounting.
• Underfunded pension plan: A pension plan that does not have sufficient assets to meet its liabilities, often used in financial reporting and accounting.
• Underlying value: The value of an asset or liability that is not reflected in its market price, often used in financial reporting and accounting.
• Unearned income: Income that has not been earned or recognized, often used in financial reporting and accounting.
• Unfair labor practice: A practice that is not fair or equitable, often used in financial reporting and accounting.
• Unfilled order: An order that has not been filled or completed, often used in financial reporting and accounting.
• Unissued stock: Stock that has not been issued or sold, often used in financial reporting and accounting.
• Unjust enrichment: A situation in which one party is enriched at the expense of another party, often used in financial reporting and accounting.
• Unliquidated claim: A claim that has not been paid or settled, often used in financial reporting and accounting.
• Unpaid dividend: A dividend that has not been paid, often used in financial reporting and accounting.
• Unpaid expense: An expense that has not been paid, often used in financial reporting and accounting.
• Unpaid tax: A tax that has not been paid, often used in financial reporting and accounting.
• Unqualified opinion: An opinion that is not qualified or limited, often used in financial reporting and accounting.
• Unrecognized revenue: Revenue that has not been recognized or recorded, often used in financial reporting and accounting.
• Unrelated business income: Income that is not related to a company's main business, often used in financial reporting and accounting.
• Unrestricted net assets: Net assets that are not restricted or limited, often used in financial reporting and accounting.
• Unsecured debt: Debt that is not secured by collateral, often used in financial reporting and accounting.
• Unsystematic risk: Risk that is not systematic or inherent in the market, often used in financial reporting and accounting.
• Upstream transaction: A transaction that involves the transfer of assets or liabilities from a subsidiary to a parent company, often used in financial reporting and accounting.
• Useful life of an asset: The estimated life of an asset, often used in financial reporting and accounting.
• Utility company: A company that provides essential services such as electricity or water, often used in financial reporting and accounting.