COMMERCE
Uniform Commercial Code
The Uniform Commercial Code (UCC) is a comprehensive set of laws governing commercial transactions, adopted in some form by every state and the District of Columbia. It aims to provide uniformity and consistency across states’ commercial laws.
Uniform Resource Locator (URL)
A Uniform Resource Locator, or URL is the address of a specific location on the web. As explained by the Computer Security Resource Center, a URL is a reference to a web resource that specifies its location on a computer network and a mechanism for retrieving it.
Uniform Transfer-on-Death Securities Registration Act
Uniform Transfer-on-Death Securities Registration Act (UTODSRA) is an act that enables people to designate beneficiaries to inherit their stocks, bonds, bank accounts or other securities without the need for
unilateral
unilateral contract
A unilateral contract is a contract formed when an offer can be accepted only through performance.
unincorporated
Unincorporated generally describes an entity or organization that has not been formally established as a legal corporation. This term can also refer to something not mixed or combined with another entity.
unincorporated business organization (UBO)
An unincorporated business organization (UBO) is a business arrangement used in lieu of a company or partnership.
uninsured motorist clause
Uninsured motorist clause is part of some car insurance policies which provides coverage for bodily injuries of the driver and their passengers if (1) the other driver did not have car insurance and (2) the other driver was at fault. Not every car insurance policy has this clause, but uninsured motorist coverage is required in 20 states and the District of Columbia.
unissued stock
Unissued stock refers to shares that have been authorized in a company’s charter but have never been sold or issued to shareholders or other investors.