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

Category: Finance

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.

TIGHT MONETARY POLICY

Supply of Monet restriction by the central bank by tightening credit qualifications, selling government bonds and or raising bank’s reserve needs.

TIME MANAGEMENT

Distribution and allocation of time is based on priority structuring.

TIME SERIES FORECAST

Prediction based on assuming trend variations will reoccur in the future and tomorrow will more or less be the same as today.

TITLE INSURANCE

Policy insuring mortgagee or owner against loss by defects in title.

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.