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

Category: Finance

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.

UNFAIR LABOR PRACTICE

Action legally prohibited by an employer or union such as a refusal to discuss matters in good faith.

UNIFORM DELIVERED PRICING (UDP)

Price that includes costs of transport where a seller retains title until goods are given to the customer. Single and multi zone pricing.

UNINSURED MOTORIST COVERAGE

Added cover in a automobile policy compensating for damage and loss with a hit and run driver or one with no insurance policy.

UNITIZATION

1. Combination of cartons, boxes, pails, etc., in one load ready for transport with ease of handling and identification. See containerization. 2. Converting an investment company to a unit trust.

UNLIMITED WANTS

Part of human nature where we want many things but are unable to afford them all.

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.

VALUE OF INFORMATION

Maximum price to pay for knowing an uncertainty’s value before a course of action is decided.

VALVE

Electromechanical or mechanical device that controls the flow of liquid, gas, slurry, dry loose material. 3 maintypes.1. Isolation, 2. Switching, 3, Control.

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.