Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

UNIQUE RISK

Loss exposure that is associated with a certain investment or strategy of investment that can be reduced by diversity in a portfolio.

UNIQUE USER

Single web site visitor no matter how many times they actually visit the site.

UNIT

1. Determined opt definite quantity used a standard of exchange and measurement. 2. Fractional undivided interest of a mutual fund, unit trust.

UNIT BENEFIT FORMULA

Formula to determine money that an employer will pay towards the benefit plan of an employee.

UNIT CONTROL SYSTEM

System of inventory control where items are tracked with bin tickets and a physical inspection.

UNIT COST

Expense used to produce one unit of a service or good often an average cost.

UNIT LOAD

1. One standard shipping container of goods. 2. Alternate term for unitized load.

UNIT OF ACCOUNT

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

UNIT OF ISSUE

Measurement physically of quantity that an item is stored and issued as.

UNIT OF MEASURE

Standard system or unit that a quantity is counted and expressed in.

UNIT PRICE

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

UNIT PRICE CONTRACT

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

UNIT PRICING

Method where goods are sold in a fixed unit including all profit margins and costs.

UNIT TIME

Man hours used to produce one unit of output.

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