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Category: U

UNSUBSIDIZED LOAN

Loan where interest as added as soon as the money is given to the borrower.

USABILITY

Speed and ease of using or operating a device, facility or service.

UNFAVORABLE BALANCE OF PAYMENTS

The situation arising when payment made outside of the country are greater than payments received by a company. Also known as balance of payment deficit.

UNITS-OF-OUTPUT DEPRECIATION

Depreciation method calculated based on an asset’s use instead of time it is in service and matching expense of depreciation to generated revenue.

UNLOADING

1. Off loading goods from the container or vehicle that delivered them. 2. Selling goods in order to be rid of them at a lower than usual price.

UNSYSTEMIC RISK

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

UPSTREAM

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

USANCE BILL

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

UTILITY

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

U CHART

Chart for quality control where number of events, subgroup changes are noted.

UMBRELLA LIABILITY COVERAGE

Policy of liability insurance covering claims not covered or in excess of cover amount under basic policy for liability.

UNDERCUT

Offering goods or services at a deliberately set lower price than competition.

UNDERWRITE

1. General. Document that is signed at the end to signify agreement , correctness or truth of contents. 2. Banking. Evaluating risk for lending by analysing loan contract details. 3. Insurance. Evaluation

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