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

Category: Finance

WORKFORCE MANAGEMENT

Managing the work force so they know what work is to be done. Also known as employee relationship management.

ZIPPED FILE

File of compressed data that can be expanded when received using an unzipping program.

UNFAIR CONTRACT TERM

Clause in a contract limiting rights of a counter party, consumer, who is protected under contract law that is unreasonable or void.

UNIFORM COMMERCIAL CODE (UCC)

1. International trade. Document standards as defined by International Chamber of Commerce, ICC, in 1933 and since revised.2. In the USA. Laws that govern commercial transactions.

UNILATERAL CHANGE

Change made in contract provisions with no consent from all parties involved.

UNLEVERED FREE CASH FLOW

A firm’s cash flow shown to investor’s as a measure of performance that doesn’t take into account interest payments on debts outstanding.

UNSOUGHT GOOD

goods and services that are bought by necessity and not want.

USER INTERFACE

Visual portion of the computer application that the user uses to interact with software. See interface.

VALUE AVERAGING

Strategy of investment where securities are purchased regularly in increasing amounts when the market drops and decreases if it rises.

VALUE MANAGEMENT

Applying value analysis to improve effectiveness and efficiency of business.

VALUE-IN-USE

Accounting. An assets net worth calculated by an estimation of future value and value of disposal if it becomes impaired.

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