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Category: U

UNIFORM DELIVERED PRICING (UDP)

Price that includes costs of transport where a seller retains title until goods are given to the customer. Single and multi zone pricing.

UNINSURED MOTORIST COVERAGE

Added cover in a automobile policy compensating for damage and loss with a hit and run driver or one with no insurance policy.

UNITIZATION

1. Combination of cartons, boxes, pails, etc., in one load ready for transport with ease of handling and identification. See containerization. 2. Converting an investment company to a unit trust.

UNLIMITED WANTS

Part of human nature where we want many things but are unable to afford them all.

UPSELLING

Selling strategy where seller will provide opportunities to buy other products and services just to make a bigger sale.

UNIFORM FORMS

Standard form used by insurers that are worded in a set way.

UNIT OF ACCOUNT

unit where an items value is compared and accounted. Money’s primary function.

UNITIZED LOAD

Load of many articles bound together for transport and handling as one unit.

UNREALIZED PROFIT/LOSS

Paper profit or loss not becoming actual until the asset is sold, disposed of or redeemed. Also known as unrealized gain/loss.

UNSTRUCTURED INTERVIEW

An interview without any set format or formula for questions asked. Also known as a non-directive interview.

UPSIDE

Potential of gain from ideal, transaction or situation. Opposite of downside.

URBANIZATION

Increase of population in cities versus the rural areas.

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