Category: U

Standard loan application required by Fannie Mae and Freddie Mac for single family loans for homes. Also called Form 1003.

Loss exposure that is associated with a certain investment or strategy of investment that can be reduced by diversity in a portfolio.

Method where goods are sold in a fixed unit including all profit margins and costs.

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.

Remaining balance of a loan, cash advance or credit that has not been paid.

L/C that has no restrictions about the bank chosen for negotiation.

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

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

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

Property or asset that is free from any debt.

Transmission from a point to another point from one device to another device.

Websites internet address, file or document. It reads HTTP://www.address/directories/filename. Also known as Universal Resource Locator, URL or web address.

Benefit of a service or good differing from competing brands giving the buyer a reason to buy it.

Man hours used to produce one unit of output.

1. Benefit retention with no consideration of return where it can be reasonably expected. 2. Money obtained that is not a gift that the beneficiary needs to make restitution for.

Check dishonored on presentation at bank where it was drawn.

Overtime that is not planned due to a bottleneck or to fix a ‘behind schedule’ position.

Term in network marketing for independent distributors above the representatives genealogy.

Transaction of stock markets where a new quote or transaction is higher than the last one. Also known as a plus tick.

Body with authority to use equipment, applications, systems, etc. But may not be the item’s buyer.