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

Category: Finance

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.

UNICOHORT

Lowest number of people exposed to a risk where fatality does occur.

UNIFORM SECURITIES ACT

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

UNIT

1. Determined opt definite quantity used a standard of exchange and measurement. 2. Fractional undivided interest of a mutual fund, unit trust.

UNLAWFUL ENTRY

Forced, unlawful and clandestine entry on land or into premises.

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.

VENN DIAGRAM

Mapping diagram of overlapping circles showing the relationship between items.

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