Ultimate Beneficial owner or UBO refers to natural persons having complete control over land, property, assets and people. It also connotes that person on whose behalf a transaction is being conducted.

These are bonds or funds that have minimum investment threshold limits of less than 10 Lakhs. The bonds are repaid anytime between 3 and 9 months and don't usually exceed a year.

Unamortized bond discount is an accounting convention calculated as the value of the bond at par (The value of the bond at maturity in other words the proceeds from the sale of bonds by the issuing or the selling company) less portion of the bond that has been amortized or indicated on the Profit and Loss Account.

Uncollected funds are deposits in the form of cheques but yet to be cleared from the banks the cheques are drawn for. In other words, uncollected funds are funds banks should account for, before the money is actually put into the depositor's account.

Underpricing is defined as a term wherein the pricing of an IPO (Initial Public Offering) is way below its market-price. If the offer price of a particular stock is lesser than the price of the first trade, then the particular stock is said to be underpriced.

Underlying assets is a term commonly associated with the derivatives' trading market. Derivative is usually the price of a stock or a financial instrument whose price is derived from a different asset, all together. Underlying asset is a financial instrument (A commodity, stock, futures, currency or index) on which a derivative's price is based.

Underlying debts refer to a cluster of bonds belonging to a smaller Governmental entity, agency or financial corporation. These entities might find it challenging to raise a sufficient amount of capital if they do not have a robust financial health.

An undervalued stock is one wherein the price of a stock, share or commodity is presumed to be sold at a price less than the investment's true value. The intrinsic value of the investment might be diminished if the company's books of accounts reflect a shabby picture.

An underwriter is either an individual or an entity who is involved in evaluating and assuming the risk of another entity. An underwriter usually works for a fee such as commission, interest, premium or spread.

The underwriter's discount is usually a significant portion of money underwriters earn with public issuance of stocks and shares. The difference between the underwriter's price (Price at which the underwriters buy a group of shares, stocks and securities) and the price at which these are sold to the investors (Selling price) is what is known as underwriter's discount, commission or spread.