PERSONAL FINANCE GLOSSARY

U.S. Savings Bonds

U.S. Treasury Bill

U.S. Treasury Bond

U.S. Treasury Note

U.S. Treasury Securities

Underwriter

Uniform Simultaneous Death Act

Unilateral

Uninsurable Risk

Universal Life Insurance

Unlimited Marital Deduction

Unsecured Debt

A debt to which no collateral has been attached. If a borrower defaults on an unsecured debt, the creditor is not able to seize the debtor's property in order to satisfy the debt. Instead, the creditor must seek a judgment against the debtor in court.