Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: Finance

UNSYSTEMIC RISK

Risk of a securities investment not common to all securities but to a certain security. Also known as non-systemic risk.

UPSTREAM

Term referring to part of the oil industry doing the exploration and recovery. See downstream.

USANCE BILL

Bill of exchange drawn on a governed term of usage in trade or between involved countries.

UTILITY

1. Business. Firm owning and operating facilities for production and distribution of water, electricity, gas telecommunications to the public. 2. Computing. Program whose function is to maintain efficiency of the system. Also

VALUE RECOVERY PROVISION

1 of the 4 criteria for capitalization laid down by the US Financial Accounting Standards Board, FASB, to classify leases that can’t be cancelled.

VAPOR BARRIER

Fill, membrane or foil or coated paper with a high resistance to movement of vapors.

VECTOR GRAPHICS

Computer graphics that are not pictures and unlike raster graphics are represented by mathematical equations as geometric shapes.

VISCOSITY

Internal friction in fluid that retards its flow.

VOLUNTARY BARGAINING ISSUE

Matter mandated by law and discussed in collective bargaining processes. Also known as Voluntary bargaining subject, permissive bargaining issue.

VULTURE CAPITAL

Derogatory term used for investment and funding taking in fair advantage of a situation.

WAL-MART

World’s largest discount retailer. Started in 1962 by Samuel Walton.

WEAK MARKET

Market where buyers are greatly outnumbered by the sellers.

WELL STRUCTURED PROBLEM

Problem where desired and current state is identified clearly and reaching desired state is obvious. See ill structured problem.

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