Category: U

a lease to drill for oil or gas that will terminate unless drilling starts by a set date.

Incurred obligation that has not been paid for as yet.

System where commissions are based.

Phone number that is not found in a directory or by calling enquiries.

When the company uses funds from the company to buy investments so as not to borrow from other sources.

Way to measure risk of the overall market with an unlevered company.

A firm’s cash flow shown to investor’s as a measure of performance that doesn’t take into account interest payments on debts outstanding.

a term that applies to the total and unrestricted complete authority.

When personal assets are used to absorb business failure. Refer to piercing the corporate veil.

Privately owned company where the owner(s) accept all personal and unlimited liability for obligations and debts in return for the avoidance of double taxation. Also known as an Unlimited company.