Tooltip Categories: Economics & Finance

United Nations Development Program [UNDP]

The UN’s global development network, advocating for change and connecting countries to knowledge, experience and resources to help people build a better life. (source: http://www.undp.org/content/undp/en/home/operations/about_us/frequently_askedquestions/#undp)

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United Nations Organization [UNO]

The United Nations is an international organization founded in 1945 after the Second World War by 51 countries committed to maintaining international peace and security,

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unencumbered property

Any real estate holding that is not currently under a lien or mortgage agreement, or being used as collateral for any type of loan. (source:

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unfair clause

Contractual term oppressive, intended to deceive or mislead which is imposed by one party alone.

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unfair dismissal

Unfair dismissal is a term in labour law to describe an act of employment termination without good reason, or contrary to the country’s specific legislation.

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unit cost

Is the cost incurred by a company to produce, store and sell one unit of a particular product. Unit costs include all fixed costs and

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underdevelopment

In economics, underdevelopment is when resources are not used to their full socio-economic potential, with the result that local or regional development is slower in

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