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

TRUE GROUP INSURANCE

Policy of insurance for a group that is issued with master contract and insurance certificates and not policy contracts.

TRIPLE NET LEASE

Rental agreement where the tenant pays all 3 operating costs insurances. Maintenance and utility costs, property taxes and the landlord then receives net rent.

TWEET

Term given to the short, 140 character messages placed on Twitter.

TRUST ENFORCER

The appointed overseer of the trust acting on behalf of the trust.

TURNDOWN SERVICE

Hotel room service where a room is freshened up and beds are turned down when guests are away from the room.

TROUBLED DEBT RESTRUCTURING

Process where a lender, bank, modifies loan agreement terms that will minimise losing custom from customer’s who are incapable financially to meet previous terms.

TRUETYPE FONT

Computer type looking the same as on the screen when it is printed.

TRIBOLOGY

Science of lubricants, lubrication and friction.

TRUSTED THIRD PARTY

Reputed, responsible and established fiduciary body all parties accept from an agreement, transaction or deal.

TRUNK

Common telephone circuit connecting 2 switch systems, one at the exchange anode at the person calling.

TWIP

Unit of distance in computer graphics equal to 1/72 of a point,1/1440 inch, 17.64 micrometres or 0.70 Q.

TWO TIER BID

Attempt at takeover where the bidder offers a higher price for stock than is needed to takeover the firm.

TURING TEST

Test that is used to evaluate a machine’s level of intelligence. Named after Alan Turing.

TUTORIAL

Program of instruction that is self-paced and provides information in a learning unit.

TRICKLE DOWN THEORY

View that is optimistic where benefits of fast economic growth will flow from high income earners down through income levels and employment and disparity of distribution of income will be solved automatically.

TRIPLEX

Building with 3 townhouses or apartments.

TREE DIAGRAM

Graphic tool that breaks down components and then maps them all out creating a diagram looking like a tree growing.

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