| |
| Unemployment |
 |
| People without jobs who are looking for work |
| |
| Unemployment Benefits |
|
| A government-sponsored scheme designed to assist unemployed workers by providing them with financial benefits, job counselling and placement services while they are out to work and attempting to locate new employment |
| |
| Union Shop |
|
| A place of employment in which all qualified employees can be hired on the basis that they become members of a relevant union within a specified time period |
| |
| Unit of Account |
|
| The function performed by money in serving as the common denominator for measuring the value of all products and services |
| |
| Unsecured Loan |
|
| A short-term source of funds granted without the pledge of any assets as collateral. The loan is made on the basis of the firm’s credit rating and previous experience of the lender |
| |
| Utility |
|
| The power of a product or service to satisfying the intended needs and wants of the consumer |
| |
