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Uncovered call
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Uncovered callA short call option position in which the writer does not own shares of underlying stock represented by the option contracts.
RELATED TERMS--------------------------------------
Short
One who has sold a contract to establish a market position and who has not yet closed out this position through an offsetting purchase; the opposite of a long position.
Call
An option that gives the holder the right to buy the underlying futures contract.
Option
The right but not the obligation to buy or sell a fixed quantity of a commodity, currency or security at a fixed price on or until a particular date.
Position
A market commitment; the number of contracts bought or sold for which no offsetting transaction has been entered into.
Writer
A person who makes an opening sale of an option contract.
Shares
Certificates or book entries representing ownership in a corporation or similar entity.
Underlying
1) In derivatives, the security that must be delivered when a derivative contract, such as a put or call option, is exercised. 2) In equities, the common stock that must be delivered when a warrant is exercised, or when a convertible bond or convertible preferred share is converted to common stock.
Stock
US equivalent of the British word "share", a block of shares with a nominal value of 100, or various kinds of fixed-interest securities; in Britain, goods stored ready for sale, raw materials, work in progress and finished but unsold products.
SIMILAR TERMS--------------------------------------
Uncollected funds
The amount of bank deposits in the form of checks that have not yet been paid by the banks on which the checks are drawn.
Uncollectible account
An account which cannot be collected by a company because the customer is not able to pay or is unwilling to pay.
Uncommitted facility
A credit facility with no restrictions placed upon the lending institution regarding the amount of funds to be lent.
Unconfirmed Letter of Credit
A letter of credit which has not been guaranteed or confirmed by any bank other than the bank that opened it.
Uncovered put
A short put option position in which the writer does not have a corresponding short stock position or has not deposited, in a cash account, cash or cash equivalents equal to the exercise value of the put.
PREVIOUS AND NEXT TERMS--------------------------------------
Uncalled capital
That part of a company's issued capital that has not yet been paid for by shareholders.
Uncollected funds
The amount of bank deposits in the form of checks that have not yet been paid by the banks on which the checks are drawn.
Uncollectible account
An account which cannot be collected by a company because the customer is not able to pay or is unwilling to pay.
Uncommitted facility
A credit facility with no restrictions placed upon the lending institution regarding the amount of funds to be lent.
Unconfirmed Letter of Credit
A letter of credit which has not been guaranteed or confirmed by any bank other than the bank that opened it.
Uncovered call
Uncovered put
A short put option position in which the writer does not have a corresponding short stock position or has not deposited, in a cash account, cash or cash equivalents equal to the exercise value of the put.
Undated stocks
Fixed interest stocks which have no redemption date.
Under the belt
Long position in a stock.
Underbanked
When an originating investment banker cannot find enough firms to underwrite a new issue.
Underbooked
Describes limited interest by prospective buyers in a new issue of a security during the preoffering registration period.
RELATED TERMS--------------------------------------
Short
One who has sold a contract to establish a market position and who has not yet closed out this position through an offsetting purchase; the opposite of a long position.
Call
An option that gives the holder the right to buy the underlying futures contract.
Option
The right but not the obligation to buy or sell a fixed quantity of a commodity, currency or security at a fixed price on or until a particular date.
Position
A market commitment; the number of contracts bought or sold for which no offsetting transaction has been entered into.
Writer
A person who makes an opening sale of an option contract.
Shares
Certificates or book entries representing ownership in a corporation or similar entity.
Underlying
1) In derivatives, the security that must be delivered when a derivative contract, such as a put or call option, is exercised. 2) In equities, the common stock that must be delivered when a warrant is exercised, or when a convertible bond or convertible preferred share is converted to common stock.
Stock
US equivalent of the British word "share", a block of shares with a nominal value of 100, or various kinds of fixed-interest securities; in Britain, goods stored ready for sale, raw materials, work in progress and finished but unsold products.
SIMILAR TERMS--------------------------------------
Uncollected funds
The amount of bank deposits in the form of checks that have not yet been paid by the banks on which the checks are drawn.
Uncollectible account
An account which cannot be collected by a company because the customer is not able to pay or is unwilling to pay.
Uncommitted facility
A credit facility with no restrictions placed upon the lending institution regarding the amount of funds to be lent.
Unconfirmed Letter of Credit
A letter of credit which has not been guaranteed or confirmed by any bank other than the bank that opened it.
Uncovered put
A short put option position in which the writer does not have a corresponding short stock position or has not deposited, in a cash account, cash or cash equivalents equal to the exercise value of the put.
PREVIOUS AND NEXT TERMS--------------------------------------
Uncalled capital
That part of a company's issued capital that has not yet been paid for by shareholders.
Uncollected funds
The amount of bank deposits in the form of checks that have not yet been paid by the banks on which the checks are drawn.
Uncollectible account
An account which cannot be collected by a company because the customer is not able to pay or is unwilling to pay.
Uncommitted facility
A credit facility with no restrictions placed upon the lending institution regarding the amount of funds to be lent.
Unconfirmed Letter of Credit
A letter of credit which has not been guaranteed or confirmed by any bank other than the bank that opened it.
Uncovered call
Uncovered put
A short put option position in which the writer does not have a corresponding short stock position or has not deposited, in a cash account, cash or cash equivalents equal to the exercise value of the put.
Undated stocks
Fixed interest stocks which have no redemption date.
Under the belt
Long position in a stock.
Underbanked
When an originating investment banker cannot find enough firms to underwrite a new issue.
Underbooked
Describes limited interest by prospective buyers in a new issue of a security during the preoffering registration period.
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This dictionary contains 24549 terms.
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