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ILC Glossary of Financial Terms

U

From Underlying Securities to Unlisted

Underlying Securities:

The specific security that is bought or sold by exercising an option.

Underwriting:

The purchase for resale of a security issue by one or more investment dealers or "underwriters." The formal agreements pertaining to such a transaction are called "underwriting agreements."

Unit:

Two or more corporate securities (such as preferred shares and warrants) offered for sale to the public at a single, combined price.

Unlisted:

A security not listed on a stock exchange but traded on the over-the-counter market.

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  • The Investor Learning Centre of Canada (ILC) is a not-for-profit organization dedicated to providing independent investment information to Canadians. It was established in 1996 by the Canadian Securities Institute, the national educator for the securities industry. The ILC offers books, seminars, resource centres and Internet services across Canada.
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