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

Category: U

UPSIDE POTENTIAL

Difference in current trading price of a security and the level it is likely to rise up to.

USA PATRIOT ACT

Act passed after September 11 2001 giving law enforcement agencies tool to prevent acts of terror.

UTILITIES EXPENSE

Cost of using utilities like water, electricity. Found on financial statements.

UNIFORM GIFTS TO MINORS ACT

Regulation allowing the adult right to contribute funds to a minor’s account that doesn’t need setting up a trust fund. Adult will manage the account until the holder reaches 18 years of

UNIT OF MEASURE

Standard system or unit that a quantity is counted and expressed in.

UNSUBSIDIZED LOAN

Loan where interest as added as soon as the money is given to the borrower.

USABILITY

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

UNFAVORABLE BALANCE OF PAYMENTS

The situation arising when payment made outside of the country are greater than payments received by a company. Also known as balance of payment deficit.

UNITS-OF-OUTPUT DEPRECIATION

Depreciation method calculated based on an asset’s use instead of time it is in service and matching expense of depreciation to generated revenue.

UNLOADING

1. Off loading goods from the container or vehicle that delivered them. 2. Selling goods in order to be rid of them at a lower than usual price.

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