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

Category: Finance

UNAUDITED OPINION

Certified Public Accountant’s decision not involved in preparing a financial statement is called in for a unbiased opinion.

UNDERBID

Bidding at a lower price that that of other bidders.

UNDERWATER LOAN

Loan under book value due to its (1) not performing, (2) low interest rate below market rate, (3) collateral market value decreases to less than loan balance outstanding or (4) collateral is

TEAM DEVELOPMENT

Enhancement of work group effectiveness by improving clarification of roles and goals.

TECHNICAL PROPOSAL

Document listing and defining technical requirements for a project or contract and explains how to approach and formulate the plan to address them.

TELEMETRY

The remote reading of devices used for measuring by telecommunications.

TENANCY AT SUFFERANCE

When a tenant stays on property after the lease has expired without the landlord’s consent.

TERMS AND CONDITIONS

Special and general arrangement, rule, requirements, standards etc. Forming integral parts of a contract or agreement.

THEATRE SETUP

Arrangement of seating where all rows face toward the stage.

THINK TANK

A research institute that is staffed with experts that are engaged for discussing policy issues of government and business.

THRIFT PLAN

Plan for retirement including an employee savings feature.

TIER

Plot of land that measures 6 miles wide, extends east-west and numbered in north-south according to the distance from base line in a rectangular survey system.

TIME LIMITS

Length of time an insured has in order to put in a claim.

TIME SERIES ANALYSIS (TSA)

Technique of trend extrapolation based on an assumption that ‘ the best estimate for tomorrow is the continuation of yesterday’s trend’.

TIMESHARE

Ownership that involves the purchase of a time or percept interest in a holiday property.

TOME

AN unusually heavy and large book or a volume from a collection that is often for scholars.

TOP LINE GROWTH

Reference to a firm’s overall revenue growth and not just one segment of growth.

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.