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

Category: Finance

U.S. TREASURY BILL

US government backed debt obligation with a maturity of less than a year. Also known as Till.

UN RECOMMENDATIONS

Transport recommendations for dangerous goods. Class 1-explosives, Class 2- gases, Class-3 flammable liquids, Class 4-flammable solids, Class5-Infectious and toxic substances, Class 6-organic peroxides and oxidant substances, Class7-radioactive material, Class 8- Corrosive substances,

UNBUNDLING

The process where a large item is broken into its smaller parts.

TAX DISTRICT

An area geographically, with the same calculations for tax.

TEAMING ARRANGEMENT

Agreement between company’s to act together to be the prime contractor for joint bidding, proposal or quote.

TECHNOCRACY

Society that is not a democracy or bureaucracy as the power has moved to scientists, managers and engineers, technocrats.

TERMINAL

Device of data input and output including a display monitor, mouse, keyboard.

TERMS OF REFERENCE

Statement showing background, objectives, purpose of a project, proposal or program.

TESTIMONIUM

Concluding section of a deed or contract stating it has been signed on the date stated by the parties.

THEORY OF THE FIRM

A company’s behaviour in pursuing maximization of profit analysed by (1) inputs, (2) production techniques used, (3) quantity produced and (4) prices charged.

THIRD PARTY CHECK

Check that has been endorsed by the payee to a new party who then becomes the holder of the check.

THROUGH RATE

Charge for a flight involving more than a single airline and changing air craft.

TIGHT MONEY

Money that is borrowed at high rates of interest due to a tight monetary policy. Also known as dear money and is the opposite of easy money.

TIME OF COMPLETION

Number of calendar days or the fixed date stated in a contract to complete the work involved. See date of substantial completion.

TIME SHARING

1. General. Use of a location, item or facility by more than 2 people or 2 uses. 2 Computing. Using the resources of a computer but several users. 3. Real estate. Joint

TO BE MODEL

Model resulting from incorporating improvements to the current one.

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