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A B C D E F G H I J L M N O P Q R S T U V W Z
selected terms: 355 page 18 of 18
Ultra Vires
Without authority.
UNLIQUIDATED
"A nonspecific dollar amount which requires some form of proof to permit a judge to come to a decision, e.g. repair of motor vehicle."
Unsecured Creditors
Creditors who do not have any security for the debt owing to them.
Usury
Excessive or illegal interest rates.
Vesting of Property in Trustee
"All property owned by the bankrupt or in which the bankrupt may have a beneficial interest, with certain exceptions, passes on to the trustee in bankruptcy. "
Vesting Order
"An Order by the Court that gives to a person, possession, control or title of property. "
Vexatious
"An act done by a person in order to annoy, embarrass or otherwise aggravate that person. "
Voting Letter
A document in which a proven creditor registers his vote for or against the acceptance of a proposal.
Warehouseman's Lien
The charge that a warehouseman has on goods left for storage in his care. The warehouseman has the right to hold onto the goods until he is paid or to sell the goods to recover his More…
Without Prejudice
"Without dismissing, damaging or otherwise affecting a legal interest or demand; without detriment to existing right or claim; relates to fact, not to opinion. This expression is used More…
WRIT
Written instructions to a court officer to enforce a court order.
Writ
"Form of written notice or command issued by a Court or other official. Can include Writ of Summons, Writ of Subpoena, Writ of Attachment, Writ of Habeas Corpus, etc.Writ of More…
Write off
Depreciating an asset to zero in one go.
Zero Based Account
(ZBA) Usually applied to a personal account (checking) where the balance is kept as close to zero as possible by transferring money between that account and, say, a deposit account.
Zero Based Budget
(ZBB) Starting a budget at zero and justifying every cost that increases that budget.
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