Accounting & Financial Glossary – U

Unemployment: Condition of the economic system in which part of the capable and willing people to work in the current market conditions are not capable to find themselves a job. It is measured by the difference between the demand and the supply of labour force on the market. The increase in the unemployment leads to a decrease into the real GDP and the living standards of the population.

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Unsecured loan: A loan which is granted with no whatsoever securities.

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Unit generating incoming financial flaws: The smallest distinguished group of assets generating monetary flows from certain assets utilization which are to a considerable extent independent from the monetary flows from the other assets or group of assets.

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