Category: U

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.

Corporate activities at odds with the charter.

Funds in a temporary account until final allocation is made.

Situation where businesses don’t have enough funds from stock holders for the size of operations.

Person’s name appearing at the end of the document, subscriber.

1. Accounting. Income received before a service is provided or a good is sold.2. Taxation. Income from means not arising from a person’s efforts.

Wireless technology like Bluetooth able to transmit large bites of data over a short distance and over a wide band frequency and spectrum.

Same as retained earnings unless a portion is to be held for a certain purpose.

Situation where a bank will credit amount of a draft or cheque to a depositor’s account before it is cleared.

Hotel guest checking out earlier than the scheduled date of departure.

Deducted amount from a sum and classed as interest in advance.

Technique used to locate defects in matter by passing sound energy through the material.

Items in seller’s inventory where the buyer’s order will be taken from.

Situation where overheads applied to work in progress, WIP, is less than overheads actual incurred.

A security with a price expected to rise due to it trading lower than is justified by its estimated and current earnings. See Bottom fishing; Value investing.

Insurance made in advance that the insurance company has not earned.