Payment that is received before a service is provided or a good is sold.

Condition where direct benefit of growth is outweighed by the negative consequences of that growth.

A person of employable age, 16 to 55, without a paying job but is able to work.

Total number of men and women able to work who are currently looking for work.

Health insurance including cover for accidents, sickness that don’t happen at work.

State tax similar to The Federal Unemployment Tax Act, FUTA.

Government welfare scheme where money is given to those unemployed through no fault of their own making.

Fund created by the government that assists people who have lost a job.

Percent of the total work force that is unemployed and looking for paid work.

Ad valorem tax on income that covers the costs of unemployment insurance .

Situation where unemployment benefits erode motivation of an unemployed worker to seek work.

Property or asset that is free from any debt.

Defective but valid contract unable to be enforced by court.

Executor and valid trust that can’t be enforced by the beneficiaries.

This means that something is clear and with no doubt.

actions and behaviour that violate the standards of a person’s profession.

The mathematical differencial between expected credit loss and worse case credit loss that leads to a standard deviation mean.

Unspent part of budget that is available for further expenses.

the length of time a person has to go in a term of office.

Advertising causing harm to consumers and can be restricted by unfair advertising laws. See unfair consumer practice .

Law or laws at state level that protect individuals in resolving claims of insurance.

A term which may be applied generally to all dishonest or fraudulent rivalry in trade and commerce, but is particularly applied in the courts of equity (where it may be […]

See UNFAIR.

Contravening provisions of the consumer protection act that imposes prohibitions, duties and restrictions on the seller.

Clause in a contract limiting rights of a counter party, consumer, who is protected under contract law that is unreasonable or void.