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

Category: Finance

TSX VENTURE EXCHANGE

Canadian regulated market place where oil, mining, gas, technology, manufacturing and financial services businesses raise investor capital. Toronto Stock Exchange.

TYPE B PERSONALITY

Person characterised as having moderate drive and ambitions, cooperative and accommodating and easy going. Quality over quality. See type A personality.

U CHART

Chart for quality control where number of events, subgroup changes are noted.

UMBRELLA LIABILITY COVERAGE

Policy of liability insurance covering claims not covered or in excess of cover amount under basic policy for liability.

UNDERCUT

Offering goods or services at a deliberately set lower price than competition.

UNDERWRITE

1. General. Document that is signed at the end to signify agreement , correctness or truth of contents. 2. Banking. Evaluating risk for lending by analysing loan contract details. 3. Insurance. Evaluation

UNEARNED REVENUE

Payment that is received before a service is provided or a good is sold.

TEAM STAGES

Team building has 4 stages; Forming; Flailing; Norming; Performing.

TECHNOBABBLE

Incomprehensible technical jargon that only a select group will understand.

TERMS OF PAYMENT

Payment conditions between buyer and seller. Terms are cash, open account, secured account.

TESTIMONIAL EVIDENCE

Written or oral assertion offered as proof of truth in court. Includes hearsay and testimony.

THIRD DEGREE METHOD

Using threats, coercion, mental or physical torture to get information or a confession from an accused prisoner.

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