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

Category: U

UNILATERAL CHANGE

Change made in contract provisions with no consent from all parties involved.

UNLEVERED FREE CASH FLOW

A firm’s cash flow shown to investor’s as a measure of performance that doesn’t take into account interest payments on debts outstanding.

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 DISMISSAL

Termination in a contract for employment that is unfair or inadmissible.

UNIFORM COSTING

Using the same approach to production and operation costing by several businesses.

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.

UPSELLING

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

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