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UIL Finance (LSE:UTLH) Accounts Payable & Accrued Expense for Financial Companies


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What is UIL Finance Accounts Payable & Accrued Expense for Financial Companies?

Accounts Payable & Accrued Expense for Financial Companies only applies to insurance companies.


UIL Finance (LSE:UTLH) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » UIL Finance Ltd (LSE:UTLH) » Definitions » Accounts Payable & Accrued Expense for Financial Companies
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2 Church Street, Clarendon House, Hamilton, BMU, HM 11
UIL Finance Ltd is a closed-ended investment company. Its investment objective is to finance and fund the final capital entitlements of the zero dividend preference (ZDP) shares. It seeks to fund the final capital entitlements of the ZDP shares by lending current asset funds to its parent company. The company is exempt from taxation, except insofar as it is withheld from income received.