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U

Utility

In economics, utility refers to the satisfaction or benefit a consumer derives from consuming a good or service. In financial markets, utility also refers to the utility sector — companies that provide essential services such as electricity, gas, and water. Utility stocks are typically considered defensive investments due to their stable revenues and consistent dividend payments.

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Unclaimed Money

Unclaimed money refers to financial assets — such as dormant bank accounts, uncashed cheques, forgotten investment accounts, or unpaid dividends — that have been held by financial institutions or government agencies after losing contact with their rightful owner. Most countries have processes that allow individuals to search for and reclaim these assets. In the United States, unclaimed property is typically turned over to state governments after a set period of inactivity.

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USDC

USDC, or USD Coin, is a type of stablecoin — a digital currency pegged to the value of the US Dollar at a 1:1 ratio. It is issued by Circle and is backed by fully reserved assets, meaning each USDC in circulation is matched by an equivalent amount of US dollars held in reserve. USDC operates on blockchain networks and is widely used in decentralised finance (DeFi) and digital asset trading.

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