The Law Dictionary

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

Category: U

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.

UNIVERSAL SERIAL BUS (USB)

Non-proprietary standard for the 12 megabit bus that is able to replace serial ports, parallel ports for connecting modem, keyboard, mouse speakers, etc. See Fire wire.

UNLIMITED WANTS

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

UNSYSTEMIC RISK

Risk of a securities investment not common to all securities but to a certain security. Also known as non-systemic risk.

USABILITY

Speed and ease of using or operating a device, facility or service.

U-SHAPE SETUP

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

UNEMPLOYMENT TAX

Ad valorem tax on income that covers the costs of unemployment insurance.

UNIQUE RISK

Loss exposure that is associated with a certain investment or strategy of investment that can be reduced by diversity in a portfolio.

UNIT PRICING

Method where goods are sold in a fixed unit including all profit margins and costs.

UNITIZED LOAD

Load of many articles bound together for transport and handling as one unit.

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