Category: U

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.

New version of hardware and software, equipment or a machine better than the last and more expensive.

Industrial firms processing raw materials into an unfinished product to be completed by someone else.

Period during which an asset will be able to be used.

Total number of men and women able to work who are currently looking for work.

1. Finance. Debt or project not funded by private or public funds. 2. retirement plan. Current benefits are paid out from current funds paid into the plan.