Glossary
Underwriting
The process by which an investment bank guarantees to sell a certain number of securities at a specified price, often used in the context of IPOs.
Underwriting
The process by which an underwriter or insurance company evaluates the risk and exposures of potential clients
Unicorn
A privately held startup company valued at over $1 billion
Unsecured Loan
A loan that is issued and supported only by the borrower’s creditworthiness, rather than by any type of collateral
Utility Token
A digital token issued in an initial coin offering that can be used to purchase goods or services offered by the issuer