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

Category: Finance

UPLINK

Link in communication from the ground to an orbiting satellite. Opposite of downlink.

UPTIME

Operational time of equipment where it is fully operational. Opposite of downtime.

USER COST

Economics. Machine or capital assets reduced value by using it.

VALUE ADDED STATEMENT

Financial statement showing wealth that has been created by the enterprise in an accounting period.

VALUE FOR MONEY AUDIT

Independent audit of a non-profit organization to determine it is using its money efficiently and effectively. Also known as value for money analysis.

VALUED

Agreement made by an insurance company to pay a pre-determined amount for a loss.

VARIABLE

A number, feature or quantity that can increase or decrease with time.

VERTICAL MARKET

Market for services and goods is confined to a narrow customer base though most customers can use the product.

VETOING STOCK

Holder can veto corporate decisions but not board of director elections.

VIRAL MARKETING

Explosive sales growth or spread of information by customer referrals.

VISIONING

Mental process where images of goals are used to motivate present action.

WAGE RATE

Pay rate based on units produced or time of working.

WAREHOUSE RETAILING

Mass detailing of goods by a store offering little customer service but low prices.

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