Definitions U

That is harmful to the consumers, and liable for restriction if it comes under the…

Testing an application prior to customer delivery for functionality and usability using real-world scenarios which…

A concept in web marketing that analyses the usability of a website for optimal convenience…

A United States government backed debt obligation possessing maturities of under a year. Oftentimes these…

Bill of exchange drawn on a term governed by the usage in that trade or…

A provision that permits unpaid premiums to be taken from claim payments.

Real or perceived benefit of a good or service that differentiates it from the competing…

Written but informal bid, proposal, or quotation submitted on the initiative of the submitter and…

Real estate with a free and clear title.

See utility (Definition 2).

Intrinsically identical products (such as gasoline, milk, packaged ice) that can be easily substituted by…

Balance of premium paid over the market price of securities purchased that remains to be…

An insurance premium that is paid by the customer in advance and which the insurance…

A type of rating system used to determine premium amounts. This system does not consider…

Balance of bond premium (excess of the bond’s selling price over its par value) that…

The fraction of a premium which applies to the part of the policy which has…

The premium required to be paid when applying for a home loan with the Federal…

A personal loan that is not backed with collateral. The borrower promises to repay the…