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

UNDIVIDED INTEREST

Ownership claim of property or assets commonly owned with restricted claims but no one has an exclusive claim.

UNBUNDLING

The process where a large item is broken into its smaller parts.

TYPOGRAPHY

Study of design of typefaces and how a page can best be laid out.

ULTIMATE LOAD

Load of the absolute maximum a structure can bear without it failing.

UNDIVIDED ACCOUNT

Underwriting syndicate where each member has dual liability. See divided account.

TRAGEDY OF THE COMMONS

Archetypal phenomenon that attempts to exploit the system that will turn out to be self-defeating.

UNDERWRITING SYNDICATE

Underwriter’s group existing temporarily and banks formed for marketing new bonds or shares that is too big for one body to handle it. Also known as underwriting group.

UNEARNED INCOME

1. Accounting. Income received before a service is provided or a good is sold.2. Taxation. Income from means not arising from a person’s efforts.

TYPE

Computer or physical characters making up text and displays of reading matter.

UNDER CAPITALIZATION

Situation where businesses don’t have enough funds from stock holders for the size of operations.

TO BE MODEL

Model resulting from incorporating improvements to the current one.

UNDERGROUND PROPERTY DAMAGE

Damage to property underground such as sewers and pipes by excavation, drilling, backfilling or changing to the ground.

TYPOGRAPHIC WEIGHT

Relative darkness of font characters from thickness of strokes, light, bold, extrabold, etc.

UNDERWATER LOAN

Loan under book value due to its (1) not performing, (2) low interest rate below market rate, (3) collateral market value decreases to less than loan balance outstanding or (4) collateral is

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