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

ZIPPED FILE

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

ZIPPER CLAUSE

Provision of collective bargaining agreements stating that all parts of the agreement are contained and nothing has ben left out.

ZOMBIE DEBT

Term describing old debts bought to life by actions of collecting it.

ZONING

Legislative process dividing land into zones for different uses such as industrial, open space, residential. See zonation.

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.

WRITE DOWN

Downward revision of an asset’s book value reflecting current drop in market value.

WRITE OFF

Accounting. Where an asset is uncollectable and considered to be a loss.

WRITEOFF

Removal of BV of an obsolete or destroyed asset, uncollectable sum by reducing it to zero.

WRITER

1. General. Bill of exchange drawer. 2. Insurance. Underwriter. 3. Options trading. Option contract seller. Also known as option seller.

WRITTEN DATA

Data that is given in writing, if not it is not considered for a bid, quote or proposal.

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.

TERM FUNDING

Arranged financing meeting needs over a set period of time.

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