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

Category: Finance

WASTEWATER

Used or spent water contain dissolved solids, discharge from homes, industries etc.

WEATHER

Hour by hour and day by day variations in conditions of atmosphere.

WESTERN UNION

Financial services corporation specializing in money transfer. Based in US but used around the world. In business since 1851.

WHOIS

(1) Directory service of Interknit listing names, addresses of people owning and maintaining web sites. (2) Online directory listing logged on network users and people with responsibility for maintenance and management.

WIKI

Website of collaboration allowing users to edit, and upload web page content.

WORKED

Having performed a task or tasks. See working.

WORKOUT

Strategy where a borrower negotiates with the lender to restructure a debt.

WRIT OF HABEAS CORPUS

Detained person’s attorney uses this writ to force police to bring the person to court and challenge legality of detention.

ZERO DEFECTS

Level of prevention of defects where output is within limits.

WRITE

Term for the action of accepting an insurance application and insuring a risk.

UNEMPLOYMENT

Total number of men and women able to work who are currently looking for work.

UNFUNDED

1. Finance. Debt or project not funded by private or public funds. 2. retirement plan. Current benefits are paid out from current funds paid into the plan.

UNIQUE RISK

Loss exposure that is associated with a certain investment or strategy of investment that can be reduced by diversity in a portfolio.

UNIT PRICING

Method where goods are sold in a fixed unit including all profit margins and costs.

UNIX

Powerful and very stable 32 bit operating system used by computers. Is the platform the internet was built on, written in C language and coming with TCP/IP protocols.

UNPAID BALANCE

Remaining balance of a loan, cash advance or credit that has not been paid.

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