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

UNDERCLASS

People at the lowest level of society that have becomes victims of a poverty trap.

UNDERGROUND PROPERTY DAMAGE

Damage to property underground such as sewers and pipes by excavation, drilling, backfilling or changing to the ground.

UNDIVIDED INTEREST

Ownership claim of property or assets commonly owned with restricted claims but no one has an exclusive claim.

UNDERRUN

Situation where an item’s cost is below the projected cost.

UNAUDITED OPINION

Certified Public Accountant’s decision not involved in preparing a financial statement is called in for a unbiased opinion.

UNDIVIDED ACCOUNT

Underwriting syndicate where each member has dual liability. See divided account.

UNCLEARED CHECK

Cheque still passing through a clearing cycle. See nucleated effects.

TRIGGER POINT

A change represented by crossing a threshold that will start a reaction and lead to a different end result.

TRUE CAPACITY

Actual capacity of a machine, factory, process or production line to generate output under given constraints of material availability and a sustainable speed.

UN RECOMMENDATIONS

Transport recommendations for dangerous goods. Class 1-explosives, Class 2- gases, Class-3 flammable liquids, Class 4-flammable solids, Class5-Infectious and toxic substances, Class 6-organic peroxides and oxidant substances, Class7-radioactive material, Class 8- Corrosive substances,

TREND EXTRAPOLATION

Technique of forecasting using statistical methods in order to predict future patterns of time series data.

TRILATERAL COMMISSION

David Rockefeller founded this in 1973 and is a non-governmental group for discussing policy.

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