The terms used in business such as Unique Visitor,Unit Trust ,Unlimited Company, Unsystematic Risk ,Unzip,Uptime etc.
This post explains about terms used in business such as Unearned Income,Unfair Dismissal,Unhappy Camper ,Unique Visitor,Unit Trust ,Unlimited Company, Unsystematic Risk ,Unzip,Uptime etc. These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.
The terms used in business
Underwriter - A person who assesses the risk and eligibility of an insurance company's potential client. On the Stock Market, an organisation, such as a bank, that agrees to purchase any unsold shares which are offered for sale by a company.
Undischarged Bankrupt - A person who has officially been declared bankrupt but has not yet been given permission to start another business, and must not stop paying debts which are still owed.
Unearned Income - Personal income which has not come from employment but from investments, dividends, interest, etc.
unearned income: income received from sources other than employment
Unemployment - An economic situation in which jobless people, often those who have been made redundant from their jobs, are actively seeking employment.
Unfair Dismissal - Term used when a person's employment is terminated by their employer without a good reason.
Unfair terms - even if they're written into a contract some terms are made unfair by legislation and will not be enforced by the courts. The legislation mainly protects consumers, but can also apply to business-to-business contracts in which one party is significantly more powerful than the other.
Unfavourable Trade Balance - Describes when a country's value of its imports exceeds the value of its exports.
Unhappy Camper - Someone who has complaints about their employers. An unsatisfied customer
.
Uniform Commericial Code (UCP) - Rules on commercial transactions which have been adopted by many countries and states.
Uniform Customs and Practice (UCP) - Internationally recognized set of regulations banks are obligated to follow when documenting letters of credit.
Uniform Rules for Collections (URC) - The internationally recognized standards on collection developed by the International Chamber of Commerce.
Uniform Commercial Code (UCC): Adopted by most states, a set of laws regulating commercial transactions
Unilateral - Performed by one person, group, side, party, etc - basically 'going alone'. For example a unilateral decision is one made without dependence or condition upon others who might have interests in the matter in question. See Bilateral and Multilateral.
Unilateral Contract - A one-sided agreement in which one party promises to do something (or refrain from doing something) in return for an action, not a promise, from a second party.
Unique Visitor - Describes a person who visits a website, as one unit, even if they have made several visits to the same site in a particular period of time, usually 24 hours.
Unit cost of a message / Coût unitaire du message :This is obtained by dividing the total cost of your mailing by the number of messages sent. Included in your overall budget, this figure enables you to measure the effective cost of a sale and hence the profitability of your operation.
unit of trade: the smallest amount that can be bought or sold of a share of stock, or a contract included in an option
Unit Trust - A fund which raises money from a number of investors, usually investing only a small amount each, which is then invested on their behalf by a fund manager in a range of shares, securities, bonds, etc.
unit: a collection of securities traded together as one item
United Nations Conference on Trade and Development (UNCTAD) - UNCTAD was established in 1964 with the goal of promoting sustainable development while integrating developing countries into the world economy. It works to achieve this goal by acting as a forum for intergovernmental deliberations with an aim at consensus building; conducting research, policy analysis, and data collection; and by providing technical assistance tailored to the specific needs of different developing countries.
United Nations Industrial Development Organization (UNIDO) - UNIDO helps developing countries and countries with economies in transition in their fight against marginalization in today's globalized world. It mobilizes knowledge, skills, information, and technology to promote productive employment, a competitive economy, and a sound environment.
Unlimited Company - In the UK, a company whose owners have unlimited liability, e.g. if the company goes into liquidation the owners are required to raise the funds to pay the company's debts.
Unlimited Liability - The obligation of a company's owners or partners to pay all the company's debts, even if personal assets have to be used.
Unlisted - Refers to company whose shares are not traded on the Stock Exchange.
Unofficial Strike - Also known as a Wildcat Strike. A form of industrial action which does not have the approval or permission of a trade union.
Unregulated - Not governed or controlled by laws or rules.
unsecured debt: money borrowed without supplying collateral
Unsolicited - Not requested or invited, for example junk mail.
Unsustainable Debt - A financial condition in which a country is unable to service its foreign (external) debt without decimating its economy.
Unsystematic Risk - Also called Residual Risk. The risk that can affect a company's share prices, production, etc., such as a sudden strike by employees.
Unvalued Policy:It is a type of marine policy in which the value of the subject matter is left undeclared. This value is determined later on.
Unzip - On a computer, to return files to their original size after they have been compressed.
UPC - Universal Product Code. A bar code, using thick and thin vertical lines, which is printed on labels, packets, etc., to identify a specific product, and is used for stock control.
Update / Mise à jour :Newer version of a file that includes corrections, deletions, and address changes.
Upload - To transfer data or programs from a smaller computer, camera, etc., or a computer at a remote location, to a larger computer system.
upsell: to sell customers a higher-priced version of a product they have bought previously
Upselling - A sales technique in which the salesperson tries to persuade the customer to purchase more expensive and/or more goods than they originally intended.
Uptick - Also called Plus Tick. On the Stock Market, a transaction or quote at a price above the preceding transaction for the same security.
Uptime - The period of time which a computer, piece of machinery, etc., is operational and available for use.
Upwardly Mobile - Describes someone who is moving towards a higher social and/or economic position.
Urban Regeneration - Also called Urban Renewal, the redevelopment of run-down parts of a towns or cities, to include business and housing projects, typically funding by governments or agencies.
URU / RUU :The Uniform Rules and Usage are the texts drawn up by the International Chamber of Commerce for the correct usage of banking techniques in international trade. They have a legal standing in this field and reference is to be made to them in case of litigation. The most commonly known URU relates to documentary credit, URU 500, applicable since January 1, 1994.
The above details describes about terms called in business such as Unearned Income,Unfair Dismissal,Unhappy Camper ,Unique Visitor,Unit Trust ,Unlimited Company, Unsystematic Risk ,Unzip,Uptime etc. These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in overseas trade below this post.Terms used in trade such as Turnkey Project ,Turntablist ,U.S. Mainland, Unauthorised, Unbundling,Unconsolidated etc
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