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

Category: Finance

WITH PARTICULAR AVERAGE

Marine insurance. Where insured cargo is covered for partial damage from sea water or loss from breakages, theft etc.

WORKING

1. Actively engaged in inactivity in exchange for money. 2. Temporary status noting something is in transition. 3. State of being.

WORLD WIDE WEB (WWW)

The collected group of internet resources, audio, video, hyperlinked text that is accessed by remote browsers that are based on standards like HTTP, TCP/IP.

YELLOW KNIGHT

Corporation with plans to takeover a company in hostile manner.

ZONING

Legislative process dividing land into zones for different uses such as industrial, open space, residential. See zonation.

UNIFORM FORMS

Standard form used by insurers that are worded in a set way.

UNIT OF ACCOUNT

unit where an items value is compared and accounted. Money’s primary function.

UNITIZED LOAD

Load of many articles bound together for transport and handling as one unit.

UNREALIZED PROFIT/LOSS

Paper profit or loss not becoming actual until the asset is sold, disposed of or redeemed. Also known as unrealized gain/loss.

UNSTRUCTURED INTERVIEW

An interview without any set format or formula for questions asked. Also known as a non-directive interview.

UPSIDE

Potential of gain from ideal, transaction or situation. Opposite of downside.

URBANIZATION

Increase of population in cities versus the rural areas.

UTILITARIANISM

Ethical philosophy where happiness of most people is thought to be the greater good.

VALUATION METHOD

use by an adjuster to determine loss occurrence and putting a monetary value to a claim.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.