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

Category: Finance

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.

USER INTERFACE

Visual portion of the computer application that the user uses to interact with software. See interface.

VALUE AVERAGING

Strategy of investment where securities are purchased regularly in increasing amounts when the market drops and decreases if it rises.

VALUE MANAGEMENT

Applying value analysis to improve effectiveness and efficiency of business.

VALUE-IN-USE

Accounting. An assets net worth calculated by an estimation of future value and value of disposal if it becomes impaired.

VARIABLE UNIVERSAL LIFE INSURANCE

Policy for life insurance featuring variable and universal life insurance. Allows policy owners to have benefits of life insurance for beneficiaries while using life insurance as a tool of savings and investment.

VENTURE CAPITALIST

Private investor offering capital to business ventures with promise. See adventure capitalist and angel investor.

VICARIOUS LIABILITY

Obligation rising from a parties relationship with each other. Also known as vicarious responsibility.

VIRTUAL OFFICE

Mobil environment for work with telecommunication access. See hoteling.

VISUAL IDENTITY

A brands visual elements such a color, shape that conveys the meaning not imparted just by words.

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