Use and Occupancy Insurance – U&O

  

If you're going to use and occupy this warehouse, then you need insurance.

Why? Well, you're building bomblets, i.e. tiny bombs that fit nicely on normal, 3-foot-wide propellor drones. If something goes badly, then...boom. So we make you carry the insurance before you can legally occupy the building here and, you know...do stuff.

Find other enlightening terms in Shmoop Finance Genius Bar(f)