Glossary beginning with U

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Unearned income search for term

Income received that is not from a personal exertion source. Bank interest and dividends are examples of unearned income.

Unfranked dividend search for term

A share of a company's distribution paid to a shareholder on which no tax has been paid by the company.

  • Fact 1

    In 1705, Emperor Peter I of Russia instituted a beard tax. Those who paid the tax were required to carry a 'beard token'. This was a copper or silver token inscribed with 'the tax has been taken' and 'the beard is a superfluous burden'.

Capital growth

Occurs when the value of an investment or asset increases over time.

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