Undercapitalized

A firm that lacks sufficient resources to engage in normal operations.

Unemployment

A situation in which a person who is able and willing to work is not employed.

Unemployment benefit

A government transfer received by an unemployed person. Also known as: unemployment insurance

Unemployment compensation

Payments to a former employee who was terminated from a job for a reason not based on his or her […]

Unemployment rate

The ratio of the number of the unemployed to the total labour force. (Note that the employment rate and unemployment […]

Unemployment, involuntary

The state of being out of work, but preĀ­ferring to have a job at the wages and working conditions that […]

Uniform commercial code

A set of recommended rules to cover business transactions. They have been adopted (either wholesale or in modified form) to […]

Unique bid auction

A type of auction in which the winner is the one with either the lowest or highest bid that is […]

Unique selling proposition

The differentiation that a product’s vendors can highlight at time of sale in order to increase customer interest.