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

Category: Finance

WITHOUT PREJUDICE

Law phrase. Without abandonment of claim, right, privilege and without implied admission of liability.

WORKERS’ COMPENSATION

Financial support provided to an injured worker covering income, medical costs, rehabilitation or death from a work injury.

WROUGHT IRON

Type of iron with approximately 3% slag giving it a certain grain and look. Resistant to rust, suitable for forging and rolling than casting.

WRITE OFF

Accounting. Where an asset is uncollectable and considered to be a loss.

UNICODE

Standard way to present all of the characters of all of the world’s languages.

UNIQUE USER

Single web site visitor no matter how many times they actually visit the site.

UPLINK

Link in communication from the ground to an orbiting satellite. Opposite of downlink.

UPTIME

Operational time of equipment where it is fully operational. Opposite of downtime.

USER COST

Economics. Machine or capital assets reduced value by using it.

VALUE ADDED STATEMENT

Financial statement showing wealth that has been created by the enterprise in an accounting period.

VALUE FOR MONEY AUDIT

Independent audit of a non-profit organization to determine it is using its money efficiently and effectively. Also known as value for money analysis.

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