Our Affiliations Internet Resources • Glossary of Terms

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Unannounced Deals
Many buyers and sellers do not want their transactions announced to avoid notifying customers, creditors, suppliers until both parties to the transaction are prepared for the outcomes.

Underwriter
The investment banking firm that brought the company public. In the IPO Summary section we include both the primary Underwriter, called the Lead Manager and the Co-Manager, when available.

Unrealized Taxable Income
Income from tax-free sources such as bonds or annuities.

Unsecured Debt
A loan that requires no assets as collateral, but allows the bondholder a general claim against the corporation, rather than a lien against specific assets.

Valuation Pricing
Setting a value for anything.

Variable Costs
Costs that move directly with a change in volume. Examples are raw materials, factory labor, and sales commissions.

Value-added tax (VAT)
A government tax on the value added; a tax on the selling price of manufactured items less the cost of the materials and expenses used in their production.

Venture Capitalist
Venture capitalists raise capital (commonly known as risk capital) to invest in a business and provide advisory services during the term of their investment. The capital raised may be in the form of debt or equity and may be from private or public sources. They usually specialize-in specific stages of investment and/or specific industries that they know well.

Volatility
The degree of price fluctuation for a given asset, rate, or index; usually expressed as a variance or standard deviation.

 

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Our Affiliations Internet Resources • Glossary of Terms

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