Oxford Business English Dictionary for Learners of English

(Insurance) to accept responsibility for an insurance policy so that money will be paid if loss or damage as stated in the policy happens: to underwrite an insurance policy о the company underwriting the risk

(Stock Exchange) to agree to buy shares that are not bought by the public when new shares are offered for sale, at a fixed price and on a particular day: As the rights issue is not fully underwritten, it is likely to fail if shares fall below 25 cents, о an underwriting syndicate/group

► underwriting /'Andaraitnj/ noun [u]: The insurance company sustained underwriting losses of over $2 billion.

underwriter /'Andaraita(r)/ noun [C]

see also: chartered life underwriter, insurance lead managing ~

2 (aboutj_a country) not having modern industries, and with a low standard of living developing

-» underdeveloped

undifferentiated /.Andife'renjieitid/ adjective (,Marketing) used to describe products or services that are aimed at the largest number of people of all types: undifferentiated products о Undifferentiated marketing treats all customers and potential customers as identical. -» mass marketing

undischarged bankruptnoun [c]{Law) a person who has been officially stated to be bankrupt by a court but who has to keep paying back money and is not allowed to do business

undisclosed /.Andis'klauzd; AmE-'klouzd/ adjective

not made known or told to anyone: The company sold its publishing arm for an undisclosed sum.

undis.tributable re'serve = capital

reserve (1)

undis tributed 'earnings (also

undistributed 'profits)noun [pl ] (Accounting) profits that are invested back into a company rather than paid to shareholders

isynl retained earnings

undo /An'du:/ verb [+ obj] (undoes /An'dAZ/ undid /An'did/ undone /An'dAn/)

to cancel the effect of sth: It's not too late to undo some of the damage, о UNDO (= an instruction on a computer that cancels the previous action)

to open sth that is fastened, tied or wrapped

undue /.An'dju:; AmE.An'du:/ adjective [only before noun] (format)

more than is thought to be reasonable or necessary: The work should be carried out without undue delay, о I don't want to put undue pressure on them.

undue delay/influence/pressure/risk

unearned 'incomenoun [u](Accounting) money that you receive but do not earn by working ioppj earned income

unease /лп'кг/ (also uneasiness /An'i:zinas/) noun [u; sing.]

(used especially in newspapers) a feeling of worry about sth: The country's economic difficulties are causing growing unease among observers.

uneconomic /.лпккэ'пшшк; ,лпек-; AmE-'na:m-/ adjective

using too much time or money, or too many materials, and therefore not likely to make a profit: It would be uneconomic for us to employ more staff.

ageing, uneconomic equipment

isynl uneconomical шв economic

not making a profit: Prices have been fixed at uneconomic levels. Isyni unprofitable -» economic

uneconomical /,Ani:ka'nDmikl; ,лпек-; AmE -'na:m-/ adjective

using too much time or money, or too many materials, and therefore not likely to make a profit: The old system was uneconomical to run. Isyni uneconomic IoppI economical ► uneconomically /.лпккэ'тэпикИ; ,лпек-; AmE -'na:m-/ adverb: uneconomically low prices

unemployable /.лшт'рклэЫ/ adjective lacking the skills or qualities that you need to get a job IoppI employable

* unemployed /.Amm'ploid/ adjective

without a job although able to work: How long have you been unemployed? о an unemployed builder/engineer о unemployed people/workers

isynl out of work

the unemployed noun [pl.] people who are unemployed: a programme to get the long-term

585 unfavourable balance