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

Category: Finance

VOLATILE

Unstable and capable of a high to low variation.

WALK UP

A 2 to 4 floor building that has no elevator.

WAVE

Disturbance passing through medium.

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 DISMISSAL

Termination in a contract for employment that is unfair or inadmissible.

UNIFORM COSTING

Using the same approach to production and operation costing by several businesses.

UNILATERAL CONTRACT

1. Contract where one party makes another party an offer to perform an act and assent is promised by performing the act. 2. Contract where one party has an enforceable obligation.

UNIT LOAD

1. One standard shipping container of goods. 2. Alternate term for unitized load.

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