Category: U

Solar radiation that is invisible lying just beyond the violet end of a visible spectrum. Wavelength from 10 to 400 nanometres that harms living tissue.

The viewing of any form of confidential information without permission.

People at the lowest level of society that have becomes victims of a poverty trap.

Situation that has arisen when a portfolio’s investment are lower in proportion to the financial market’s share of capitalisation. Opposite of overweight.

Part of the premium applying to a reinsured part of the policy.

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

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

Sum that is spent for purposes it was not intended to be spent on.

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

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

Payment that is received before a service is provided or a good is sold.

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.

US government security that has a maturity date of 2, 3, 5 or 10 years.

Unused part of manufacturing costs that can’t be applied to earned income if level of production drops.

Examination that is detailed of a condition, circumstance, event or condition to gain understanding to assign credible probabilities to its outcome.

Situation of an unemployment rate that is higher than natural unemployment rate in Keynesian economics.