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

UNDIVIDED ACCOUNT

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

UNDERWRITING SYNDICATE

Underwriter’s group existing temporarily and banks formed for marketing new bonds or shares that is too big for one body to handle it. Also known as underwriting group.

UBIQUITOUS

Seeming to be everywhere or existing everywhere; omnipresent.

TRUNCATION

1. Accounting. Leaving off digits that lie to right of a decimal point. 2. Banking. Shortening processing time of cheques. 3. Computing. Cutting off the last string number as it is too

TRUTH IN SAVINGS

Legislation in some countries like Federal Deposit Insurance Act 1991 In USA. All details moist be made clear to the depositor of the conditions of deposit.

ULTRAVIOLET (UV) RAYS

Solar radiation that is invisible lying just beyond the violet end of a visible spectrum. Wavelength from 10 to 400 nanometres that harms living tissue.

UNDERLOADING

Situation where a plant or machine runs at less than its full capacity in order to accommodate production rate or time for processing.

UNDERSTAY

Hotel guest checking out earlier than the scheduled date of departure.

UNDERCUT

Offering goods or services at a deliberately set lower price than competition.

TUNING

Process of adjusting parameters of a device or model to get the desired result.

TURNAROUND

Sustained and positive reversal of negative market, firm, economy performances.

TWEENS

Term in marketing referring to the re-teens between the ages of 8 and 12.

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.

TRUST ENFORCER

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

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