UBO. Ultimate Beneficial Owner
Ultimate beneficial owner (UBO). The person, or entity, that ultimately owns or controls a U.S. affiliate of a foreign company and that derives the benefits associated with ownership or control. The UBO of a U.S. affiliate is that person, or entity, proceeding up the affiliate’s ownership chain beginning with the foreign parent, that is not owned more than 50 percent by another person, or entity. Unlike the foreign parent, the UBO of a U.S. affiliate may be located in the United States.
Unilateral current transfers. Recorded when transfers of resources that affect a nation’s income or product in the current period occur without a quid pro quo; the country receiving the transfer neither provides nor promises to provide anything of economic value, measurable in monetary terms, in return. Related terms: current account (international), balance on current account.
U.S. affiliate. A U.S. business enterprise in which there is foreign direct investment—that is, in which a single foreign person, or entity, owns or controls, directly or indirectly, 10 percent or more of the voting securities of an incorporated U.S. business enterprise or an equivalent interest in an unincorporated U.S. business enterprise. Related terms: majority-owned U.S. affiliate, foreign affiliate, foreign parent, U.S. parent.
U.S. direct investment abroad (USDIA). Ownership or control, directly or indirectly, by one U.S. person, or entity, of 10 percent or more of the voting securities of an incorporated foreign business enterprise or an equivalent interest in an unincorporated foreign business enterprise. Related terms: U.S. parent, foreign affiliate.
U.S. parent. A person, or entity, resident in the United States, that owns or controls 10 percent or more of the voting securities of an incorporated foreign business enterprise or an equivalent interest in an unincorporated foreign business enterprise. It comprises the domestic operations of a U.S. multinational company (MNC). Related terms: foreign affiliate, foreign parent, U.S. affiliate.
U.S. residents. Individuals, governments, business enterprises, and nonprofit organizations that have their center of economic interest in the United States and that reside, or expect to reside, in the United States for one year or more. Related terms: foreign resident.
USDIA. U.S. Direct Investment Abroad
Use table. A table in the input-output (I-O) accounts that shows the consumption of commodities by industries, as well as the commodity composition of gross domestic product (GDP) and the industry distribution of value added. It shows the value, in producers’ prices, of each commodity used by each industry or by each final use. It also shows detail on the components of value added and total intermediate inputs that are used by each industry to produce its output. The entry in each row shows the commodity that is used by the industry or final user in the column. Related terms: make table, direct requirements table, total requirements tables.