Unearned Discount
An unearned discount is the portion of a financial discount received before it is actually earned, typically on prepaid expenses or early payments. It appears as a liability until the related time or condition is fulfilled, after which it is recognised as income.
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Unit Trust
A unit trust is a collective investment scheme where investors pool funds to invest in diversified assets such as stocks,…
Underwriting Commission
Underwriting commission is the fee paid to underwriters for assuming the risk of buying and reselling securities or insurance policies.…
Unqualified Opinion
An unqualified opinion is the most favourable audit opinion, issued when an auditor concludes that the financial statements present a…
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