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US Treasury bond
US government debt with a maturity of more than 10 years.
US Treasury note
US government debt with a maturity of one to 10 years.
Usance
The time allowed for settlement of a draft.
Usance Draft
See Also: Time draft
Usance Letter of Credit
A letter of credit payable at a determined future date after presentation of conforming documents.
USD
The ISO 4217 currency code for the USA Dollar.
Useful life
The expected period of time during which a depreciating asset will be productive.
USIT
See Also: Unit Share Investment Trust
Usury laws
Laws limiting the amount of interest that can be charged on loans.
Utility
A power company that owns or operates facilities used for the generation, transmission, or distribution of electric energy, which is regulated at state and federal levels.
Utility function
A mathematical expression that assigns a value to all possible choices. In portfolio theory, the utility function expresses the preferences of economic entities with respect to perceived risk and expected return.
Utility revenue bond
A municipal bond issued to finance the construction of public utility services. These bonds are repaid from the operating revenues the project produces after the utility is finished.
Utility value
The welfare a given investor assigns to an investment with a particular expected return and risk.
UTMA
See Also: Uniform Transfers to Minors Act
UY
The ISO 3166 country code for URUGUAY.
UYU
The ISO 4217 currency code for the Uruguay Peso Uruguayo.
UZ
The ISO 3166 country code for UZBEKISTAN.
UZS
The ISO 4217 currency code for the Uzbekistan Sum.
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