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

Category: U

USER EXPERIENCE

Outcome of a user interacting with the product and factors making up the perception of the product and its operation.

UNFAIR ADVERTISING

Advertising causing harm to consumers and can be restricted by unfair advertising laws. See unfair consumer practice.

UNIFIED MESSAGING

Methods of messaging that is available from one ‘universal mailbox’ and can be accessed anytime from anywhere with a computer. Also known as integrated messaging.

UNIT BENEFIT FORMULA

Formula to determine money that an employer will pay towards the benefit plan of an employee.

UNPAID SELLER’S LIEN

Right of a seller to keep possession of goods sold but not paid for in full and stilling his possession. See vendor’s lien.

UNSHIELDED TWISTED PAIR (UTP)

Common media for transmission of data and voice communications, that connects phone subscribers to a central exchange in a LAN such as Ethernet and Token Ring. See shielded twisted pair.

UPPER CLASS

Social class different classes beneath it due to its power and influence. Less than 1% of population but may control up to 2/3rds of national wealth.

UPTURN

Upward shift of an economic cycle from a recession to a steady state or expansion. Opposite of downturn.

UNIFORM SIMULTANEOUS DEATH ACT

Law detailing how to proceed when both the beneficiary and the insured died in an accident and it can’t be determined who died first.

UNIT CONTROL SYSTEM

System of inventory control where items are tracked with bin tickets and a physical inspection.

UNITED NATIONS

International organization made up of independent countries that together encourage peace and diplomacy between other countries. Maintains treaty obligations and countries in the UN follow international laws.

UNLEVERAGED

When the company uses funds from the company to buy investments so as not to borrow from other sources.

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