ut

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Possible Answers:

LOP.

Last seen on: LA Times Crossword 14 Apr 19, Sunday

Random information on the term “ut”:

Ut originated from New York City’s no wave scene, forming in December 1978. The inheritors of the fertile collision between rock, free jazz, and the avant-garde that first manifested itself in the Velvet Underground, Ut soon became a serious force within the New York music scene.

Ut’s members were Nina Canal, Jacqui Ham, and Sally Young. They were joined briefly by filmmaker Karen Achenbach in 1979 before resuming as a three-piece band and relocating to London in 1981. Ut toured the UK with bands such as the Fall and the Birthday Party. Originally releasing albums on its own label Out Records, the band became a favourite of John Peel[1] and recorded several sessions for his show before joining forces with Blast First in 1987.

In Gut’s House was originally released in 1988 and made NME’s Top 50 that year. The Washington Post noted, “With In Gut’s House, Ut has scraped and droned one of the finest underground rock albums of the year…. The tightly woven, firmly focused sound…is rich, spooky, urgent, and quite unexpectedly beautiful.”[2]

ut on Wikipedia

Random information on the term “LOP”:

The law of one price (LOOP) states that in the absence of trade frictions (such as transport costs and tariffs), and under conditions of free competition and price flexibility (where no individual sellers or buyers have power to manipulate prices and prices can freely adjust), identical goods sold in different locations must sell for the same price when prices are expressed in a common currency.[1][2][3][4][5][6][7] This law is derived from the assumption of the inevitable elimination of all arbitrage.[additional citation(s) needed]

The law of one price constitutes the basis of the theory of purchasing power parity, an assumption that in some circumstances (for example, as a long-run tendency) it would cost exactly the same number of, for example, US dollars to buy euros and then to use the proceeds to buy a market basket of goods as it would cost to use those dollars directly in purchasing the market basket of goods.[additional citation(s) needed]

LOP on Wikipedia