The Law Dictionary

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

Category: Finance

UNEMPLOYMENT INSURANCE

Government welfare scheme where money is given to those unemployed through no fault of their own making.

UNFAIR TRADE PRACTICE

In US law an act, practice or policy of a foreign government violate trade agreements, is unjust or unreasonable and is inconsistent with section 301 of WTO.

UNIFIED MESSAGING

Methods of messaging that is available from one ‘universal mailbox’ and can be accessed anytime from anywhere with a computer. Also known as integrated messaging.

UNIFORM SECURITIES ACT

Legislation addressing securities fraud at state levels drafted by National Conference of Commissioners on Uniform State Laws in 1956.

UNION OF SOVIET SOCIALIST REPUBLICS (USSR)

Communist federation lasting from 1924 to 1991 and comprising 12 main republics and 3 Baltic republics. Called Soviet Union with a population in excess of 300 million. Now known as the Former

UNPAID SELLER’S LIEN

Right of a seller to keep possession of goods sold but not paid for in full and stilling his possession. See vendor’s lien.

UNSECURED BOND

Bond issue backed by reputation and credit worthiness of the issuer.

UNSTUFFING OF CONTAINER

Process where transport containers are unsealed and all goods removed. Also known as devanning, stripping.

UPSIDE

Potential of gain from ideal, transaction or situation. Opposite of downside.

URBANIZATION

Increase of population in cities versus the rural areas.

USER ID

User Identification Device. Unique name given to the user of a database etc.

VACANCY FACTOR

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

VALUE ADDED

1. Accounting. Alternate term for Gross income. 2. Economics. Difference of sales revenue and costs to produce. See economic value. 3. Marketing. Creating an advantage over the competition by adding more products

VALUE BILLING

Charges for a service not based on time taken but on the price of the service.

VALUE OF INFORMATION

Maximum price to pay for knowing an uncertainty’s value before a course of action is decided.

VALVE

Electromechanical or mechanical device that controls the flow of liquid, gas, slurry, dry loose material. 3 maintypes.1. Isolation, 2. Switching, 3, Control.

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