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

Category: Finance

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.

TAX WAIVER

Document issued by the state specifying that the tax department will transfer stock as it has indicated.

TEASER RATE

Low interest rate or a high interstate to entice customers to take up the offer.

TED SPREAD

Treasuries Over Euro Dollar Spread. Wall Street term applied to the gap existing between interest rates on US securities and dollar deposits held outside of the US.

TEMPER

Characteristic of metal to do with hardness and stiffness. See tempering.

TENDER OF PAYMENT

An offer that is without conditions to pay a debt that is lieu of the actual payment.

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