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

Category: Finance

UNCONSCIONABILITY

Degree of unreasonableness and unfairness of a contract or deal prompting a court to modify or nullify it.

UNDERPERFORM

Analyst rate of a security that reflects opinion that its will stay behind the market.

UNDIVIDED ACCOUNT

Underwriting syndicate where each member has dual liability. See divided account.

TCP/IP STACK

Computer code augmenting or extending capabilities of TCP/IP where socket software is provided.

TECHNICAL INFORMATION

Evaluation, engineering and development and research information associated with design, operation, production of machines and equipment, system or process.

TERM BILL

Bill of exchange payable after a set number of days from delivery or presentment. Also known as period bill.

TERMINATION

1. last step of employment where a worker is let go. 2. Customer cancellation of remaining work of a contract. See termination for default and termination for convenience.

TESCO

Retailer and business in the UK, now online and founded in 1919 and is currently one of the world’s largest retailers.

THE ACCOUNTANT’S MAGAZINE

Journal founded in Glasgow, Edinburgh and Aberdeen in 1897 by the societies of accountants and later adopted by the Institute of Chartered Accountants in Scotland in 1951.

THERMODYNAMICS

Study of laws that govern the transformation of heat energy into and from other energy forms. There are 3 laws and a Zeros law of thermodynamics.

THREAT AGENT

Method of breaching a secure facility, operation or a system by exploiting any vulnerable points.

TIAA-CREF

Abbreviation standing for Teacher’s Insurance Annuity Association-College Requirement Equities Fund.

TIME IMMEMORIAL

Period way back in time where there is no recollection or record to prove a custom, right or claim. In UK a statute of the year 1275 saying that time before King

TIME PREFERENCE

Consumer’s inclination to keep current expenditure the same against future consumption.

TIME ZONE

Division of the earth into 24 longitudinal time zones that are 15 degrees of longitude wide.

TOLERANCE THRESHOLD

1. Quality. Greatest departure allowed from the standard. 2. Risk. Longest period where an enterprise can afford to not have a critical process or function.

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