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

Category: Finance

VISUAL CONTROL

Arrangement of all indicators of activities of a system or process are in plain view of everyone.

VOID CONTRACT

Contract meeting the following; Illegal from time made; violate fairness, law changes, performed fully. See, 7 Ways to Legally Void a Contract

VOUCHER

Document confirming an action has occurred.

WALK IN

Term for a hotel guest arriving without a reservation.

WATT HOUR

Metric energy unit equal to 3.41Btu, 3600 joules.

WETTING ABILITY

Ability of a fluid to spread uniformly over the surface of another or a sold, and form a thin continuous film.

WICKETS

Check points that all process steps must pass through.

WISCONSIN LIFE FUND

Insurance plan sponsored by the state of Wisconsin providing cover for those requesting it..

WORK AROUND

Impromptu development needed to work with a problem or a short coming of a process, system etc.

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.

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