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

Category: Finance

WEAK MARKET

Market where buyers are greatly outnumbered by the sellers.

WELL STRUCTURED PROBLEM

Problem where desired and current state is identified clearly and reaching desired state is obvious. See ill structured problem.

WIMAX

Wireless technology providing internet service over larger distances than Wi-Fi___33.

WITHDRAWAL PLAN

Unit trust scheme allowing monthly withdrawals of capital gains in a fixed amount.

WORK YEAR

Hours worked by a full time person each year and commonly 52 weeks at 40 hours each week.

WORKING STOCK

Part of inventory available for normal demand in a given period.

UNFILLED ORDER

Formal document for procuring goods and services that meet criteria of an obligation incurred but has not yet been filled.

UNION JURISDICTION

1. Crafts like crane driving, welding that is covered by a international or national union. 2. Employees represented by the trade union. 3. Jobs a trade union claims can be filled by

UNIT PRICE

1. Contracting. Pre-determined price for work to be done. 2. Retailing. Price of one item sold.

UNNATURAL PATTERN

Statistical pattern of distribution where measurements are not clustered near the median.

UNREPORTED CLAIMS

Reserve kept so claims not yet submitted can be paid. Amount is based by estimation.

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