Terms beginning with "U"
U
UNCOVERED POSITION
Another term for an open position.
UNREALIZED P/L
Unrealized P/L is the real time profit or loss on the current open position(s), given the current exchange rate(s). NOTE: The Unrealized P/L is calculated using the price that the customer would need to deal on to liquidate the position. For example, if the customer were long EUR/USD, the customer would need to sell at the Bid side of the current market. P/L is unrealized until the position is closed out. The P/L will then be added or subtracted from the Cash on Deposit to get the new Cash on Deposit amount.
UP TICK
A transaction executed at a price greater than the previous transaction.
US DOLLAR
The legal tender of the United States of America.