Glossary, Online Investing - Online Trading with Firstrade

Login: User ID Password

Home Why Choose Firstrade Take a Tour About Firstrade Promotions

Investment Choices Account Types Tools & Research Ways to Trade Options Complex Options International Investors

Commissions Margin Rates Special Services Broker Comparison

Traditional IRA Roth IRA Rollover IRA SEP IRA SIMPLE IRA Coverdell ESA Tax Center

Investment Guides Security Center Tax Center FAQs Glossary Bookstore

The Investor Network Firstrade Newsletter Firstrade Blog

Live Chat

Fund Your Account

Transfer to Firstrade

FAQs

Glossary

Forms Center

Welcome to Firstrade's stock market glossary. Do all the research you want. Use this glossary to look up any financial term.

- U -

Uncovered Call
A short call option position in which the writer of the call does not own shares of underlying security of the option contract.

Uncovered Put
A short put option position in which the writer of the put does not have a short position or the underlying security of the option contract.

Underlying
The security on which options are being bought or sold.

Underwriter (Investment Banker)
An intermediary between the offering institution and the investing public, bringing the new issues to the market while charging the issuer a fee for the services provided.

Underwriting
The process by which investment bankers bring new issues to the market.

Underwriting Manager
The lead firm in a group of underwriters responsible for a new issue.

Uniform Practice Code
Part of the FINRA rules that govern the dealing of member firms with each other.

Unit
A package of securities, such as a bond and warrant that become separable at a later date.

Unit Investment Trust (UIT)
A fixed portfolio of securities purchased by a company registered with the SEC, offering shares in the trust to investors. The difference between a unit trust and a mutual fund is the lack of active management.

Unlisted Security
A security that has not met the requirements to be listed on an exchange.

Unwind
An advanced option order used to intentionally close an existing buy/write or sell/write position.

Uptick
A listed equity trade at a price that is higher than that of the last transaction.

Up-Tick Rule
An SEC rule prohibiting short sale when the last trade on the security was a minus tick.

Return to Top

Quotes:

Find Symbol

Live Chat
Want to speak with someone regarding basic questions in real-time? Try our interactive live chat service. One of our representatives can provide assistance with your inquiries.
Learn More >>

25 Years Strong!
Firstrade celebrates its 25-year anniversary. Click here to take a stroll and learn more about our history.
Learn More >>

Refer Your Friend and Earn $50
Share your experience with a friend and you both can benefit! Simply complete this request form and a promotional code will be e-mailed to your friend.
Learn More >>



At a Glance:	Welcome Products & Services Chinese (Traditional)	Pricing Markets & News Chinese (Simplified)	Retirement Knowledge Center	Support Forms Center	Site Map Contact Us


©2010 Firstrade Securities Inc. All rights reserved. Member FINRA/SIPC. Important Information \| Privacy Policy \| Security Center System response and access times may vary due to market conditions, system performance, and other factors.