Category: U

Risk of a securities investment not common to all securities but to a certain security. Also known as non-systemic risk.

Term referring to part of the oil industry doing the exploration and recovery. See downstream.

Bill of exchange drawn on a governed term of usage in trade or between involved countries.

1. Business. Firm owning and operating facilities for production and distribution of water, electricity, gas telecommunications to the public. 2. Computing. Program whose function is to maintain efficiency of the system. Also

Formal document for procuring goods and services that meet criteria of an obligation incurred but has not yet been filled.

Rating system used to determine amounts for premiums.

1. Crafts like crane driving, welding that is covered by a international or national union. 2. Employees represented by the trade union. 3. Jobs a trade union claims can be filled by

1. Contracting. Pre-determined price for work to be done. 2. Retailing. Price of one item sold.

Banking combining aspects of commercial banking and investment banking.

Statistical pattern of distribution where measurements are not clustered near the median.

Reserve kept so claims not yet submitted can be paid. Amount is based by estimation.

Liability or asset that has to be on financial statements but doesn’t meet any requirements of reporting.

Promise of repayment of debt to a subsidiary by the parent company.

Alternate term for deferred payment L/C.

Committee monitoring Medicare.

US government backed debt obligation with a maturity of less than a year. Also known as Till.

Transport recommendations for dangerous goods. Class 1-explosives, Class 2- gases, Class-3 flammable liquids, Class 4-flammable solids, Class5-Infectious and toxic substances, Class 6-organic peroxides and oxidant substances, Class7-radioactive material, Class 8- Corrosive substances,

The process where a large item is broken into its smaller parts.

Person working in a job that they are over qualified for.

World’s largest not-for profit organisation for safety testing products with a global recognition and acceptance.