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

YELLOW SHEETS

Listing daily of bid and ask prices for over the counter bonds. Produced by National Quotation Bureau.

ZERO DEFECTS

Level of prevention of defects where output is within limits.

VOID CONTRACT

Contract meeting the following; Illegal from time made; violate fairness, law changes, performed fully. See, 7 Ways to Legally Void a Contract

ZIPPED FILE

File of compressed data that can be expanded when received using an unzipping program.

ZZZZ BEST

Company created by Barry Minnow in the 1980’s that appeared to be successful but most of the profits were from crime , fraud or fabricated. Went public in 1986, bankrupt in 1987.

WRITE

Term for the action of accepting an insurance application and insuring a risk.

YELLOW KNIGHT

Corporation with plans to takeover a company in hostile manner.

ZIP CODE

Code established by US Postal service to indicate each location. Has since been made 9 digits allowing more accurate identification of a location. Stands for Zoning Improvement Plan.

WRITING DOWN ALLOWANCE (WDA)

Capital allowance where costs of acquired assets in the present year as added to a written down value of assets from the previous year.

VISION STATEMENT

Inspirational description of what the organization wants to achieve. See mission statement.

ZERO-PROOF BOOKKEEPING

Used in small businesses and by individuals. Method of bookkeeping with a zero balance at end of the accounting period.

VIRTUAL

1. General. Having the properties of a thing but being the thing. 2. Computing. An operation or feature appearing to exist but it does not.

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