The United States Postal Service (USPS) is an independent agency of the Executive Branch of the United States government that delivers physical mail across the United States, to U.S. territories, and to military and diplomatic installations across the world. The USPS is the only delivery service that delivers to every U.S. mailbox.
Universal life insurance is a type of life insurance that lasts for the life of the insured and has flexible premiums, death benefits, and cash value.
Unjust enrichment occurs when Party A confers a benefit upon Party B without Party A receiving the proper restitution required by law. This typically occurs in a contractual agreement when Party A fulfills their part of the agreement and Party B does not fulfill their part of the agreement.
An unlawful detainer, also known as an eviction lawsuit, is a summary proceeding to determine the right to possession of real property.
An unseasoned issuer is any issuer subject to period reporting requirements, i.e. is a public company, but who is not eligible to file a Form S-3 or a Form F-3 for a primary offering, i.e.
Under Article 2 of the Uniform Commercial Code usage of trade is often used to aid in interpreting contracts and to give terms particular meanings. A usage of trade is a practice or method of dealing having such regularity of observance in a place, vocation, or trade as to justify an expectation that it will be observed with respect to the transaction.
The useful products doctrine is a principle in environmental law that provides an exception to the liability for hazardous waste disposal by distinguishing between waste and products that have economic value and are used for intended purposes.
Usurious is an adjective that means practicing, constituting, or amounting to usury; charging an illegally high interest rate on a loan.
[Last reviewed in August of 2021 by the Wex Definitions Team]
Valuable consideration broadly refers to a sufficient price paid by a party in exchange for something in a contract or sale. The “valuable” description of consideration also may mean that the consideration is monetary in contrast to other payment such as services or agreeing to forbear legal remedies.
