The Law Dictionary

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

Category: Finance

UNITED STATES

Made up of the 50 federated states, American Samoa, District of Columbia, Johnston Island, Guam, Wake and Midway Islands, Northern Marianas and US Virgin Islands.

UNLEVERED BETA

Way to measure risk of the overall market with an unlevered company.

UNPAID CHECK

Check dishonored on presentation at bank where it was drawn.

UNSATISFIED JUDGMENT FUND

Mandated fund in some states offering reimbursement to an injured person in a car accident who can’t collect from the party respond sable.

UNSTABLE

Tending to, or susceptible to decomposition or a physical or chemical unwanted change.

USER EXPERIENCE

Outcome of a user interacting with the product and factors making up the perception of the product and its operation.

VALUATION DATE

Day that an estimator’s value will apply. Also known as appraisal date.

VALUE MANAGEMENT

Applying value analysis to improve effectiveness and efficiency of business.

VALUE-IN-USE

Accounting. An assets net worth calculated by an estimation of future value and value of disposal if it becomes impaired.

VENDING MACHINE

Electronic machine that dispenses products when money is put it into it.

VESTED COMMISSIONS

Agent commissions even if he no longer works for the insurer that come from renewal of business.

VICARIOUS LIABILITY

Obligation rising from a parties relationship with each other. Also known as vicarious responsibility.

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This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.