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

Category: Finance

UNEMPLOYMENT

Total number of men and women able to work who are currently looking for work.

UNFUNDED

1. Finance. Debt or project not funded by private or public funds. 2. retirement plan. Current benefits are paid out from current funds paid into the plan.

UNIQUE RISK

Loss exposure that is associated with a certain investment or strategy of investment that can be reduced by diversity in a portfolio.

UNIT PRICING

Method where goods are sold in a fixed unit including all profit margins and costs.

UNIX

Powerful and very stable 32 bit operating system used by computers. Is the platform the internet was built on, written in C language and coming with TCP/IP protocols.

UNPAID BALANCE

Remaining balance of a loan, cash advance or credit that has not been paid.

UPHOLD

High court decision to endorse and approve a defendant’s appeal.

UPSTREAMING

Transfer of income to a tax haven by internal billing processes. See transfer price.

USENET

User’s network. Largest electronic bulletin board in the world.

VACANCY FACTOR

Gross loss of income from an untenanted property available for lease.

VALUE STREAM

Activities that are needed to design, produce, provide a service or product with information of materials and flows of worth.

VAPOR LOCK

Situation where liquid is trapped in pipes and cannot flow as vapor has formed and is blocking the pipe.

VELOX

Graphic image on light sensitive paper that is able to be copied photographically, manipulated and then transferred to a plate for printing. Also called Photomechanical Transfer, PMT, and replacing it is Lion

VESTING PERIOD

Period of time an employees needs to work to fully own company shares in a stock option plan.

VIENNA CONVENTION

Treaty that governs international trade defang rights of importers and exporters. Aloes known as UN Convention on Contracts for the International Sale of Goods.

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