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UK ASB SystemThe accounting standards and company law applicable to corporate reporting by UK companies that do not report under the IASB system.
UnderstandabilityQualitative characteristic of financial statements, understandable by users.
Unlisted (Company)Limited Liability Company whose shares are not listed on any stock eschange.
UnrealisedGains and losses representing changes in values of assets and liabilities that are not realised through sale or use.
Unsecured CreditorsThose who have no claim against particular assets when a company is wound up, but must take their turn for any share of what remains.
Unsecured LoanLoan in respect of which the lender has taken no special claim against any assets.