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

Category: Finance

TONTINE ANNUITY

Joint annuity where the amounts received by beneficiaries increases as number of beneficiaries decrease. Also known as Last survivor annuity.

TOPOLOGY

1. General. Physical space study concerned with surface properties unaffected by order, contiguity and position relatively. 2. Networking. Network’s map of the wiring scheme.

TOWING COSTS

Optional insurance covering towing of a vehicle a pre-determined distance.

TRADING AS (T/A)

Bank account designation for business and personal transactions. See doing business as.

TRADING RANGE

1. Commodities trading. Maximum and minimum limit set by an exchange where a commodity price is allowed to fluctuate on a trading day. 2. Securities trading. Spread from the low and high

TRAINING

Organized activity aiming at imparting instructions and information that will improve the recipient’s performance or to reach a level of skill or knowledge.

TRANSFORMER

Device that changes an alternating current, AC, from one voltage to another by using electromagnetic induction.

TREASURIES

Negotiable obligations of debt by a federal government that comprises treasury bonds, treasury notes and treasury bills.

TRIABLE

Subject or liable to judicial examination in court.

TROJAN HORSE

Computer program that appears to be legitimate and useful but is secretly performing illegal and destructive functions.

TRUETYPE FONT

Computer type looking the same as on the screen when it is printed.

TWO TIER MARKET

System of exchange rates where a country sets one rate for flow of capital and another rate for present account transactions.

TYPEFACE

Numbers, letters an symbols of same typestyle and type weight making up a distinctive printing type such as Helvetica etc.

ULTIMATE CONSIGNEE

Intended shipment recipient that is not the agent or bank where it is consigned to for purpose of delivery.

UNCLAIMED BALANCE

Money in an inactive bank account that after 5 years is considered an abandoned account and property goes to the state under escheat laws. See dormant bank account.

UNDERINSURED MOTORIST COVERAGE

Section of an automobile insurance policy covering damage caused by another insured motorist with insufficient money to pay damages.

UNDERWRITING FEE

Fee charged by mortgage lender’s to verify loan application information and to make the final decision on loan approval.

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.