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

Category: Finance

UNLOADING

1. Off loading goods from the container or vehicle that delivered them. 2. Selling goods in order to be rid of them at a lower than usual price.

UNSYSTEMIC RISK

Risk of a securities investment not common to all securities but to a certain security. Also known as non-systemic risk.

UPSTREAM

Term referring to part of the oil industry doing the exploration and recovery. See downstream.

USANCE BILL

Bill of exchange drawn on a governed term of usage in trade or between involved countries.

UTILITY

1. Business. Firm owning and operating facilities for production and distribution of water, electricity, gas telecommunications to the public. 2. Computing. Program whose function is to maintain efficiency of the system. Also

VALUE RECOVERY PROVISION

1 of the 4 criteria for capitalization laid down by the US Financial Accounting Standards Board, FASB, to classify leases that can’t be cancelled.

VAPOR BARRIER

Fill, membrane or foil or coated paper with a high resistance to movement of vapors.

VECTOR GRAPHICS

Computer graphics that are not pictures and unlike raster graphics are represented by mathematical equations as geometric shapes.

VULTURE CAPITALIST

Derogatory term for an investor whose hidden agenda is to cease control of the firm invested in. See angel investor.

WALT DISNEY

The creator and the animator of the first animated films.

WASTE TREATMENT

Treating waste to remove pollutants and eliminate potential harm to people and the environment.

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