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

Category: Finance

WAGE COMPRESSION

Inequities in wages arising from new employees who want more money than current employees. See wage expansion.

WAR CLAUSE

Releases the insurer from loss liabilities due to an act of war.

WATCH LIST

List of all securities a broker may consider to be the target of irregular trading activities.

WET BASIS

Formula where the weight of an article wet is divided by weight of an article dry and multiplied by 100 giving a % weight increase.

WILDCARD

Symbol or character replacing characters in search commands.

WINDSTORM

Wind that causes damages to property insured.

WRONGFUL DEATH ACTION

Civil law suit filed by the deceased survivors against the organization or person felt to be responsible.

WRITE DOWN

Downward revision of an asset’s book value reflecting current drop in market value.

UNICASTING

Transmission from a point to another point from one device to another device.

UNIFORM RESOURCE LOCATOR (URL)

Websites internet address, file or document. It reads HTTP://www.address/directories/filename. Also known as Universal Resource Locator, URL or web address.

UNIT TIME

Man hours used to produce one unit of output.

UNJUST ENRICHMENT

1. Benefit retention with no consideration of return where it can be reasonably expected. 2. Money obtained that is not a gift that the beneficiary needs to make restitution for.

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