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

Category: Finance

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.

UPHOLD

High court decision to endorse and approve a defendant’s appeal.

UPSTREAMING

Transfer of income to a tax haven by internal billing processes. See transfer price.

USENET

User’s network. Largest electronic bulletin board in the world.

VACANCY FACTOR

Gross loss of income from an untenanted property available for lease.

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