Category: U

Law or laws at state level that protect individuals in resolving claims of insurance.

Symbolic language standard for mapping, specifying, documenting and constructing software components.

Law detailing how to proceed when both the beneficiary and the insured died in an accident and it can’t be determined who died first.

System of inventory control where items are tracked with bin tickets and a physical inspection.

International organization made up of independent countries that together encourage peace and diplomacy between other countries. Maintains treaty obligations and countries in the UN follow international laws.

When the company uses funds from the company to buy investments so as not to borrow from other sources.

Generation of an overall loss or of negative income.

Something not asked for nor requested.

Top limit in quality control that is higher than the average on the control chart. Opposite of lower limit.

Flow of information from lower levels to upper levels.

Any equipment or application that is designed to be easily understood and easy to use.

Contravening provisions of the consumer protection act that imposes prohibitions, duties and restrictions on the seller.

Federal code detailing the way bills from hospitals need to itemize all services given to each patient.

Standards to be followed when property is appraised.

Expense used to produce one unit of a service or good often an average cost.

Structured format used in exchange of electronic data governed by ISO9735.

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

Accurate assessment of a company.

Informal but written bid or quote submitted with the initiative of the bidder.

Highest concentration of a vapor or gas in air that is able to be ignited by an ignition source. Higher concentrations are ‘too rich’ to burn. Also known as upper flammable limit.