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

Category: Finance

WORKSHOP

1. Shop floor where physical work is carried out. 2. Seminar opt training class given to solve tasks related to work to gain hands-on experience.

X OR XD

Used in the financial press to indicate stock trading with no dividend,; bond trading with no interest; mutual fund paid recently a dividend or capital gain.

ZERO LATENCY

Information technology. No time lag between information exchange to interfaces or the instant response to input.

WRITEOFF

Removal of BV of an obsolete or destroyed asset, uncollectable sum by reducing it to zero.

UNFAIR ADVERTISING

Advertising causing harm to consumers and can be restricted by unfair advertising laws. See unfair consumer practice.

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.

UNIT BENEFIT FORMULA

Formula to determine money that an employer will pay towards the benefit plan of an employee.

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.

UNSHIELDED TWISTED PAIR (UTP)

Common media for transmission of data and voice communications, that connects phone subscribers to a central exchange in a LAN such as Ethernet and Token Ring. See shielded twisted pair.

UPPER CLASS

Social class different classes beneath it due to its power and influence. Less than 1% of population but may control up to 2/3rds of national wealth.

UPTURN

Upward shift of an economic cycle from a recession to a steady state or expansion. Opposite of downturn.

VALENCE

Positive or negative psychological value assigned by one person to another, event, job, outcome etc., based on its attractiveness to him.

VALUE INVESTING

Strategy of investment where shares that appear cheap, trading at less than true value, are bought. See growth investing.

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