Country Travel Economy
Undated securities, securities not bearing a redemption date or option, hence irredeemable securities.
Underdeveloped country. cj> developing countries.
Undervalued currency. A currency whose exchange rate is below either its free market level or the equilibrium level which it is expected to reach in the long-run. Conversely, an overvalued currency may develop as a consequence of balance-of-payments deficits. devaluation; revaluation, international monetary fund.
Underwriting. The business of insuring against risk. An underwriter in return for a commission or premium agrees to bear a risk or a proportion of a risk. Specifically, an underwriter is a member of lloyds, who jdins with others to underwrite the risk of damage or loss to a ship or cargo if the ship sinks and is not recoverable he will pay
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