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

Category: Finance

WEIGHT OR MEASUREMENT (W/M)

Way of quoting rates for freight. (1) Sea freight; per metric ton or cubic meter whichever is greater,(2) Air; per kilogram or 1 cubic foot whichever is greater.

WETTING AGENT

Material lowering a fluids surface tension so it can clean or get into another substance.

WITH DIVIDEND

Buying shares where the purchaser can expect a dividend. See with rights.

WORKGROUP

Two or more people acting like a team to achieve a common goal, may not work in same department.

ZIPPER CLAUSE

Provision of collective bargaining agreements stating that all parts of the agreement are contained and nothing has ben left out.

WRITTEN DATA

Data that is given in writing, if not it is not considered for a bid, quote or proposal.

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.

UNLEVERED FREE CASH FLOW

A firm’s cash flow shown to investor’s as a measure of performance that doesn’t take into account interest payments on debts outstanding.

UNSOUGHT GOOD

goods and services that are bought by necessity and not want.

UPSCALE

Something made to appeal to well to do classes with a price tag and design to match.

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