Category: U
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Underlying Commodity
Concept of Underlying Commodity in Futures TradingIn this context of financial law, the following is a definition of Underlying Commodity: The cash commodity underlying a futures contract. Also, the commodity or futures contract on which a commodity option is based, and which must be accepted […]
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UCC
Definition of UCCThis is the meaning of UCC published by Marco Terry: Stands for Uniform Commercial Code. It is a uniform act that harmonizes the law of sales and commercial transactions in the 50 states.
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UCC Lien
Definition of UCC LienThis is the meaning of UCC Lien published by Marco Terry: It is a security interest given by the owner of property to secure debt. Factoring companies use liens that are defined in the UCC.
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Underlying
Concept of Underlying in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): An asset, basket of assets, index or rate upon the basis of which the value and cash flows or deliverables under a derivative (i.e. an instrument that transfers risk from […]
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Uncovered Option
ResourcesSee AlsoNaked Option Futures Trading Consumer Protection Consumer Finance
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Unable
Concept of Unable in Futures TradingIn this context of financial law, the following is a definition of Unable: All orders not filled by the end of a trading day are deemed ‘unable’ and void, unless they are designated GTC ( Good Till Canceled) or open.