Ultra Vires

Latin phrase meaning ´beyond powers´; their action was ultra vires = they acted in a way which exceeded their legal powers; see INTRA VIRES

Undeposited funds account (UBR)

noun tax levied on business property which so the same percentage for the whole country


A situation in which nothing is known about the likely probabilities of future events. It can this be distinguished from Risk where probabilities can be estimated.


Uniform Business Rate

Back to top button