Category: U

Load of the absolute maximum a structure can bear without it failing.

Reserved that is set aside to cover uncertain costs of a project.

Drafts and cheques deposited by a customer but have not been cleared or paid by the writer of the cheque, or money is not in depositor’s account yet. Also known as uncollected

Situation where a plant or machine runs at less than its full capacity in order to accommodate production rate or time for processing.

Underwriter’s group existing temporarily and banks formed for marketing new bonds or shares that is too big for one body to handle it. Also known as underwriting group.

The absolute load maximum a structure can stand before it will fail.

Overhead or an indirect cost that can’t be included in calculating cost of a government project.

A thing unable to be collected after all efforts have been made.

Deal or contract between party of the account and the beneficiary of a L/C.

Products that can be replaced with identical products but from different suppliers.

Oil tanker with a dead weight tonnage, DWT, betweem250,000 and 500,000.

Balance of received discount over market price of purchased securities reaming to be written off against the expenses.

Degree of unreasonableness and unfairness of a contract or deal prompting a court to modify or nullify it.

Analyst rate of a security that reflects opinion that its will stay behind the market.

Underwriting syndicate where each member has dual liability. See divided account.

A body exercising an invalid excess or power of authority.

Balance of premium that was paid over market price and is waiting to be written off against its expenses.

Quantity that would be sold with no constraints like delivery or production.

Situation where an item’s cost is below the projected cost.

Ownership claim of property or assets commonly owned with restricted claims but no one has an exclusive claim.