A tenant under one who is himself a tenant; one who liokls by under-lease .
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UNDER-TREASURER OF ENGLAND
He who transacted the business of the lord high treasurer.
UNDER-TUTOR
In Louisiana. In every tutorship there shall be an uiuler- tutor, whom it shall lie the duty of the judge to appoint at the time letters of tutorship are certified […]
UNDERAPPLIED OVERHEAD
Situation where overheads applied to work in progress , WIP, is less than overheads actual incurred.
UNDERBANKED
A new issue with little interest in it. The price and deal terms must be changed in order to change this.
UNDERBID
Bidding at a lower price that that of other bidders.
UNDERCLASS
People at the lowest level of society that have becomes victims of a poverty trap .
UNDERCOVER MAN
person who is usually a police officer engaged in spying on criminal activities as if he is one of the criminals.
UNDERCUT
Offering goods or services at a deliberately set lower price than competition .
UNDEREMPLOYED
Person working in a job that they are over qualified for.
UNDEREMPLOYMENT EQUILIBRIUM
Situation of an unemployment rate that is higher than natural unemployment rate in Keynesian economics.
UNDERFUNDED PENSION PLAN
A pension plan with uncovered liabilities. Refer to funded pension plan .
UNDERGROUND PROPERTY DAMAGE
Damage to property underground such as sewers and pipes by excavation, drilling, backfilling or changing to the ground.
UNDERINSURANCE
When the insured do not have enough insurance to cover risk or meet coinsurance requirements . Refer to overinsurance .
UNDERINSURED
Person without adequate cover for a loss or a damage or who cannot meet a requirement of co-insurance.
UNDERINSURED MOTORIST COVERAGE
Section of an automobile insurance policy covering damage caused by another insured motorist with insufficient money to pay damages.
UNDERINSURED MOTORISTS COVERAGE
Automobile insurance cover that pays if a driver found to liable can’t pay all he is liable to pay.
UNDERINVESTMENT PROBLEM
When a company in financial distress is urged to invest in low risk low return opportunites. This move protects the position of the firm.
UNDERLIE THE LAW
In Scotch criminal procedure , an accused person, in appearing to take his trial, is said “to compear and underlie the law .” Mozley & Whitley.
UNDERLOADING
Situation where a plant or machine runs at less than its full capacity in order to accommodate production rate or time for processing.
UNDERLYING
A market reference used to write a contract for another similar asset.
UNDERLYING ASSET
Commodity, security or financial instrument that is represented in a derivative.
UNDERLYING COST
Associated cost with production and processes of business predicted as part of the budget cycle .
UNDERLYING PROFIT
Measure of realised profits used for planning processes instead of reported profits for regulatory or accounting reasons.
UNDERLYING TRANSACTION
Deal or contract between party of the account and the beneficiary of a L/C.