Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: U

UNILATERAL CONTRACT

1. Contract where one party makes another party an offer to perform an act and assent is promised by performing the act. 2. Contract where one party has an enforceable obligation.

UNIT LOAD

1. One standard shipping container of goods. 2. Alternate term for unitized load.

UNITED STATES

Made up of the 50 federated states, American Samoa, District of Columbia, Johnston Island, Guam, Wake and Midway Islands, Northern Marianas and US Virgin Islands.

UNREALIZED

Transaction that has happened but not been paid for as yet.

UNSTABLE

Tending to, or susceptible to decomposition or a physical or chemical unwanted change.

UPSCALE

Something made to appeal to well to do classes with a price tag and design to match.

URBAN

Populated built up area including a municipality with a population greater than 5000.

U-SHAPE SETUP

Arrangement of seats in a U shape where chairs are on the outside of the shape.

UNFAIR LABOR PRACTICE

Action legally prohibited by an employer or union such as a refusal to discuss matters in good faith.

UNIFORM DELIVERED PRICING (UDP)

Price that includes costs of transport where a seller retains title until goods are given to the customer. Single and multi zone pricing.

UNINSURED MOTORIST COVERAGE

Added cover in a automobile policy compensating for damage and loss with a hit and run driver or one with no insurance policy.

UNITIZATION

1. Combination of cartons, boxes, pails, etc., in one load ready for transport with ease of handling and identification. See containerization. 2. Converting an investment company to a unit trust.

UNLIMITED WANTS

Part of human nature where we want many things but are unable to afford them all.

UPSELLING

Selling strategy where seller will provide opportunities to buy other products and services just to make a bigger sale.

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