wex definitions

unreasonable

The term “unreasonable” refers to any action or result that exceeds a reasonable expectation, or refers to anything beyond what would be considered “common sense.” In criminal cases, the prosecutor should explain the evidence so clearly that...

unreasonable search and seizure

An unreasonable search and seizure is a search and seizure executed 1) without a legal search warrant signed by a judge or magistrate describing the place, person, or things to be searched or seized or 2) without probable cause to believe that...

unseasoned issuer

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. is not a seasoned issuer or a well-known seasoned...

unsecured debt

Unsecured debt refers to debt created without any collateral promised to the creditor. In many loans, like mortgages and car loans, the creditor has a right to take the property if payments are not made. Unsecured debt like credit cards or...

upon information or belief

Phrase often used in pleadings and affidavits under oath to qualify a statement or allegation so as to protect the speaker from perjury.

URL

See: Uniform Resource Locator

[Last updated in August of 2021 by the Wex Definitions Team]

usage of trade

Under section 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,...

use

Use means to put into practice or to employ something. In a legal context, the most common meaning of the term “use,” is the right to enjoy the benefits of real estate or personal property (but primarily used in reference to real estate),...

use tax

Use tax arises when a person or business buys any product or service outside of their home state that did not have sales tax applied. Generally, most purchases have sales taxes which are collected by sellers, but individuals and businesses...

useful life

Useful life means the estimated length of time (in months or years) that depreciable property will be expected to be in use for and generate income when used in a trade, business, or income-producing activity.

[Last updated...

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