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Glossary
The following are defintions for financial terms used throughout our investor relations section.
Underwriting
The process of evaluating a borrower and the terms of a particular loan in order to assess whether it is economically prudent to issue credit to a particular borrower.
Unsecured Credit Facilities
A credit facility without collateral on any guarantee of payment or performance from the recipient. The lender has no security interest against which to collect if the borrower defaults.
Upgrade
When an analyst improves a recommendation for a stock. Examples include changing a “hold” recommendation to a “buy” or a “sell” to a “hold” recommendation.
