Archives: Terms

Definition of Unlisted Securities Market The Unlisted Securities Market (USM) refers to a marketplace for trading securities that are not listed on formal exchanges such as the New York Stock Exchange (NYSE) or the NASDAQ. Companies with securities in the unlisted securities market do not meet the stringent requirements necessary […]

Definition of Unlimited Liability Unlimited liability refers to the legal obligation of business owners to repay a company’s debts and obligations personally if the business cannot cover them. This means that the owners’ personal assets, such as their homes and savings, can be used to satisfy business debts. Unlimited liability […]

Definition of United Nations Development Programme The United Nations Development Programme (UNDP) is a global development network operated by the United Nations. It aims to eradicate poverty, reduce inequalities, and build resilience so countries can sustain development progress. UNDP operates in approximately 170 countries and territories, working to achieve the […]

Definition of the United Nations Conference on Trade and Development The United Nations Conference on Trade and Development (UNCTAD) is a permanent intergovernmental body established by the United Nations General Assembly in 1964. Its primary objective is to promote the interests of developing countries in world trade, investment, and development. […]

Definition of Unitary Taxation Unitary taxation is an approach to tax multinational corporations, where a single, combined report is created for all the business units of the corporation regardless of their geographical location. Instead of treating each subsidiary or division individually, the profits of the entire corporation are considered collectively. […]

Definition of Unit-Free Measure A unit-free measure is a method of evaluating or comparing different quantities without being affected by the units of measurement involved. This approach is particularly important in economics and other social sciences because it allows for the comparison of relative changes, growth rates, and other proportional […]

Definition of Unit Trust A unit trust is a type of collective investment scheme that pools money from many investors to purchase securities such as stocks, bonds, and other assets. Each investor owns units, which represent a portion of the holdings of the trust. The value of these units fluctuates […]

Definition of Unit Root Process A unit root process is a type of stochastic process in time series analysis where shocks to the system have a permanent effect. This means the series is non-stationary, with statistical properties such as the mean and variance changing over time. The presence of a […]

Definition of Unit Elasticity Unit elasticity, or unitary elasticity, refers to a situation in economics where the percentage change in the quantity demanded or supplied of a good or service is exactly equal to the percentage change in its price. In other words, the price elasticity of demand or supply […]

Definition of Unique Equilibrium The concept of unique equilibrium refers to a situation in economic models where a single set of prices and quantities is the only solution to the market equilibrium condition. This means that all economic agents—consumers, firms, and other decision-makers—will naturally settle on this one equilibrium point, […]