Category: U

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

Formal document for procuring goods and services that meet criteria of an obligation incurred but has not yet been filled.

Rating system used to determine amounts for premiums.

1. Crafts like crane driving, welding that is covered by a international or national union. 2. Employees represented by the trade union. 3. Jobs a trade union claims can be filled by

1. Contracting. Pre-determined price for work to be done. 2. Retailing. Price of one item sold.

Banking combining aspects of commercial banking and investment banking.

Statistical pattern of distribution where measurements are not clustered near the median.

Reserve kept so claims not yet submitted can be paid. Amount is based by estimation.

Liability or asset that has to be on financial statements but doesn’t meet any requirements of reporting.

Promise of repayment of debt to a subsidiary by the parent company.

Alternate term for deferred payment L/C.

Committee monitoring Medicare.

Condition where direct benefit of growth is outweighed by the negative consequences of that growth.

An unexpected or unanticipated event or situation affecting final price or time of completion of a project.

Provisions recommended by National Association of Insurance Commissioners and mandated under law nearly everywhere.

Employee that is elected by co-workers as the representative of the union.

Construction contract where the client pays a set sum for each unit of work when it is completed.

The population, collection, items, bodies grouped together due to commonalities that a representative sample is then taken for measurement of comparisons.

Property classification where it is not occupied by people but can have goods and furniture in it.

Taxpayer’s failure to report all income he has received and avoid paying as much tax as needs to be paid.