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Unfunded Tranche

A synthetic CDO tranche in which the CDO investor doesn't pay the notional amount of the tranche at inception, that...

Ultra Vires Risk

A subcategory of legal risk that negatively impacts an entity's management or transactions for reasons relating to legal capacity. The...

Uncapped FRN

A floater (FRN, floating rate note) that has no cap. An embedded cap (a cap that is embedded) in a...

Uncapped Floating Rate Note

A floater (floating rate note) that has no cap. An embedded cap (a cap that is embedded) in a floater...

Uncapped Floater

A floater (floating rate note) that has no cap. An embedded cap (a cap that is embedded) in a floater...

Underwater Asset

An asset that is subject to indebtedness (recourse liability) that exceed its fair market value (FMV). It is an asset...

Uncollateralized Structured Product

A structured product that is not secured by a collateral asset. Such products are not asset backed, and therefore, in...

USGG3YR

The index of US government bonds with a 3-year maturity (3-year bonds/ notes or in general 3-year treasuries). It measures...

USGG10YR

The index of US government bonds with a 10-year maturity (10-year bonds or in general 10-year treasuries). It measures the...

Unprotected Bull Note

A bull note whose principal is not guaranteed (by a principal protection feature), as opposed to a protected bull note....