Category: U

State law or laws that prevent deceptive and unfair practices by an insurance company.

Symbolic language standard for mapping, specifying, documenting and constructing software components.

NASD certification exam needed in some states. See Blue Sky Law.

Clause of union agreements requiring all employees to be members within 30 days of starting work. Also known as association shop.

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

Independent government agency processing and delivering mail in the USA. Created in 1775.

Barcode of 12 digits assigned to every product sold at a retail store.

Municipal bond backed by raising taxes to repay the debt.

Generation of an overall loss or of negative income.

Credit that is extended on the borrowers promise to pay. There is no collateral kept as security.

Loan where interest as added as soon as the money is given to the borrower.

Difference in current trading price of a security and the level it is likely to rise up to.

Act passed after September 11 2001 giving law enforcement agencies tool to prevent acts of terror.

Visual portion of the computer application that the user uses to interact with software. See interface.

Percent of the total work force that is unemployed and looking for paid work.

The situation arising when payment made outside of the country are greater than payments received by a company. Also known as balance of payment deficit.

Tax credit that offsets some tax liabilities.

Law detailing how to proceed when both the beneficiary and the insured died in an accident and it can’t be determined who died first.

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.