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

Category: U

UPHOLD

High court decision to endorse and approve a defendant’s appeal.

UPSTREAMING

Transfer of income to a tax haven by internal billing processes. See transfer price.

USENET

User’s network. Largest electronic bulletin board in the world.

UNEMPLOYMENT

Total number of men and women able to work who are currently looking for work.

UNICASTING

Transmission from a point to another point from one device to another device.

UNIFORM RESOURCE LOCATOR (URL)

Websites internet address, file or document. It reads HTTP://www.address/directories/filename. Also known as Universal Resource Locator, URL or web address.

UNIT TIME

Man hours used to produce one unit of output.

UNJUST ENRICHMENT

1. Benefit retention with no consideration of return where it can be reasonably expected. 2. Money obtained that is not a gift that the beneficiary needs to make restitution for.

UNPAID CHECK

Check dishonored on presentation at bank where it was drawn.

UNSCHEDULED OVERTIME

Overtime that is not planned due to a bottleneck or to fix a ‘behind schedule’ position.

UPLINE

Term in network marketing for independent distributors above the representatives genealogy.

UPTICK

Transaction of stock markets where a new quote or transaction is higher than the last one. Also known as a plus tick.

USER

Body with authority to use equipment, applications, systems, etc. But may not be the item’s buyer.

UBIQUITOUS

Seeming to be everywhere or existing everywhere; omnipresent.

UNDERINSURED

Person without adequate cover for a loss or a damage or who cannot meet a requirement of co-insurance.

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